BlackRock Energy and Resources Trust (NYSE:BGR) Short Interest Up 7.7% in December

BlackRock Energy and Resources Trust (NYSE:BGRGet Rating) was the recipient of a significant increase in short interest in the month of December. As of December 30th, there was short interest totalling 71,000 shares, an increase of 7.7% from the December 15th total of 65,900 shares. Based on an average daily volume of 114,200 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On BlackRock Energy and Resources Trust

A number of institutional investors have recently modified their holdings of the business. 1607 Capital Partners LLC bought a new stake in shares of BlackRock Energy and Resources Trust in the third quarter valued at about $449,000. Royal Bank of Canada boosted its position in shares of BlackRock Energy and Resources Trust by 11.7% in the third quarter. Royal Bank of Canada now owns 155,842 shares of the company’s stock valued at $1,680,000 after acquiring an additional 16,305 shares during the period. Guggenheim Capital LLC boosted its position in shares of BlackRock Energy and Resources Trust by 4.0% in the third quarter. Guggenheim Capital LLC now owns 37,318 shares of the company’s stock valued at $402,000 after acquiring an additional 1,425 shares during the period. MML Investors Services LLC raised its stake in BlackRock Energy and Resources Trust by 8.6% in the third quarter. MML Investors Services LLC now owns 19,564 shares of the company’s stock valued at $211,000 after purchasing an additional 1,554 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. acquired a new position in BlackRock Energy and Resources Trust in the third quarter valued at about $392,000.

BlackRock Energy and Resources Trust Price Performance

Shares of BlackRock Energy and Resources Trust stock opened at $12.98 on Monday. The firm has a 50-day moving average of $12.51 and a 200-day moving average of $11.93. BlackRock Energy and Resources Trust has a 52-week low of $9.83 and a 52-week high of $13.72.

BlackRock Energy and Resources Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Friday, January 13th will be given a $0.0585 dividend. The ex-dividend date is Thursday, January 12th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.41%.

About BlackRock Energy and Resources Trust

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BlackRock Energy & Resources Trust operates as a closed-end management investment trust. The firm’s investment objective is to provide total return through a combination of current income, current gains and long-term capital appreciation. It seeks to achieve its investment objective by investing its assets in equity securities of energy and natural resources companies and equity derivatives with exposure to the energy and natural resources industry.

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