Short Interest in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Decreases By 27.0%

Blackrock Resources & Commodities Strategy Trust (NYSE:BCXGet Free Report) was the target of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 11,600 shares, a drop of 27.0% from the January 15th total of 15,900 shares. Based on an average trading volume of 323,900 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of Blackrock Resources & Commodities Strategy Trust

Hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its stake in shares of Blackrock Resources & Commodities Strategy Trust by 51,420.0% in the first quarter. Tower Research Capital LLC TRC now owns 2,576 shares of the investment management company’s stock valued at $25,000 after buying an additional 2,571 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the first quarter valued at $31,000. Samalin Investment Counsel LLC bought a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the first quarter valued at $33,000. Captrust Financial Advisors bought a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the second quarter valued at $33,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Blackrock Resources & Commodities Strategy Trust by 64.3% in the first quarter. Geneos Wealth Management Inc. now owns 4,256 shares of the investment management company’s stock valued at $46,000 after buying an additional 1,665 shares during the period.

Blackrock Resources & Commodities Strategy Trust Trading Up 1.6 %

Shares of Blackrock Resources & Commodities Strategy Trust stock opened at $8.59 on Tuesday. The business’s fifty day simple moving average is $8.73 and its 200 day simple moving average is $8.98. Blackrock Resources & Commodities Strategy Trust has a 12 month low of $8.32 and a 12 month high of $10.40.

Blackrock Resources & Commodities Strategy Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 29th. Investors of record on Thursday, February 15th will be issued a dividend of $0.052 per share. This is a positive change from Blackrock Resources & Commodities Strategy Trust’s previous monthly dividend of $0.05. This represents a $0.62 dividend on an annualized basis and a yield of 7.27%. The ex-dividend date of this dividend is Wednesday, February 14th.

About Blackrock Resources & Commodities Strategy Trust

(Get Free Report)

Blackrock Resources & Commodities Strategy Trust is a closed-ended equity mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the commodities or natural resources sectors.

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