Short Interest in BlackRock Energy and Resources Trust (NYSE:BGR) Drops By 47.4%

BlackRock Energy and Resources Trust (NYSE:BGRGet Free Report) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 10,000 shares, a drop of 47.4% from the January 15th total of 19,000 shares. Based on an average daily volume of 80,600 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On BlackRock Energy and Resources Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Truvestments Capital LLC acquired a new stake in shares of BlackRock Energy and Resources Trust in the second quarter worth $33,000. NBC Securities Inc. acquired a new stake in shares of BlackRock Energy and Resources Trust in the third quarter worth $91,000. Choreo LLC acquired a new stake in shares of BlackRock Energy and Resources Trust in the fourth quarter worth $128,000. Private Advisor Group LLC acquired a new stake in shares of BlackRock Energy and Resources Trust in the first quarter worth $132,000. Finally, Cetera Investment Advisers acquired a new stake in shares of BlackRock Energy and Resources Trust in the fourth quarter worth $133,000.

BlackRock Energy and Resources Trust Price Performance

NYSE:BGR opened at $12.29 on Tuesday. BlackRock Energy and Resources Trust has a 12 month low of $10.91 and a 12 month high of $13.48. The company’s 50 day moving average is $12.31 and its 200-day moving average is $12.60.

BlackRock Energy and Resources Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th will be paid a $0.066 dividend. This is an increase from BlackRock Energy and Resources Trust’s previous monthly dividend of $0.07. The ex-dividend date is Wednesday, February 14th. This represents a $0.79 annualized dividend and a dividend yield of 6.44%.

About BlackRock Energy and Resources Trust

(Get Free Report)

BlackRock Energy and Resources Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe, with an emphasis on the United States. The fund seeks to invest in stocks of companies operating in the energy and natural resources sectors.

Further Reading

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