Blackrock Innovation & Growth Trust (NYSE:BIGZ) Short Interest Update

Blackrock Innovation & Growth Trust (NYSE:BIGZ – Get Rating) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 216,800 shares, an increase of 6.4% from the February 13th total of 203,700 shares. Based on an average daily volume of 1,324,900 shares, the short-interest ratio is presently 0.2 days.

Insider Buying and Selling at Blackrock Innovation & Growth Trust

In other Blackrock Innovation & Growth Trust news, Portfolio Manager Philip Henry Ruvinsky acquired 10,000 shares of the company’s stock in a transaction on Thursday, February 2nd. The shares were bought at an average cost of $7.98 per share, with a total value of $79,800.00. Following the completion of the acquisition, the portfolio manager now owns 36,000 shares in the company, valued at $287,280. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hedge Funds Weigh In On Blackrock Innovation & Growth Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Arlington Partners LLC purchased a new position in shares of Blackrock Innovation & Growth Trust in the fourth quarter valued at approximately $39,000. PNC Financial Services Group Inc. lifted its position in shares of Blackrock Innovation & Growth Trust by 272.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,696 shares of the company’s stock valued at $46,000 after acquiring an additional 4,896 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of Blackrock Innovation & Growth Trust in the second quarter valued at approximately $69,000. Captrust Financial Advisors purchased a new position in shares of Blackrock Innovation & Growth Trust in the second quarter valued at approximately $71,000. Finally, Nomura Holdings Inc. purchased a new position in shares of Blackrock Innovation & Growth Trust in the second quarter valued at approximately $81,000.

Blackrock Innovation & Growth Trust Price Performance

Shares of BIGZ opened at $7.21 on Friday. Blackrock Innovation & Growth Trust has a 12 month low of $6.47 and a 12 month high of $11.93. The stock’s 50 day moving average is $7.49 and its two-hundred day moving average is $7.37.

Blackrock Innovation & Growth Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be issued a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 11.65%. The ex-dividend date of this dividend is Tuesday, March 14th.

About Blackrock Innovation & Growth Trust

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Blackrock Innovation & Growth Trust is a mutual fund launched by BlackRock, Inc and managed by BlackRock Advisors, LLC. Blackrock Innovation & Growth Trust is based in United States.