BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) Sees Large Decrease in Short Interest

BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 71,200 shares, a decline of 40.4% from the August 31st total of 119,400 shares. Based on an average daily volume of 245,500 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 245,500 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On BlackRock Science and Technology Term Trust

Several large investors have recently modified their holdings of BSTZ. Sit Investment Associates Inc. acquired a new position in shares of BlackRock Science and Technology Term Trust in the 1st quarter valued at $4,237,000. Flagship Harbor Advisors LLC lifted its stake in shares of BlackRock Science and Technology Term Trust by 220.2% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 336,660 shares of the company’s stock valued at $6,986,000 after purchasing an additional 231,523 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of BlackRock Science and Technology Term Trust by 12.9% in the 2nd quarter. Bank of America Corp DE now owns 821,917 shares of the company’s stock valued at $17,055,000 after purchasing an additional 94,124 shares during the last quarter. Wedbush Securities Inc. lifted its stake in shares of BlackRock Science and Technology Term Trust by 11.0% in the 1st quarter. Wedbush Securities Inc. now owns 867,485 shares of the company’s stock valued at $15,389,000 after purchasing an additional 86,283 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in shares of BlackRock Science and Technology Term Trust in the 2nd quarter valued at $1,657,000.

BlackRock Science and Technology Term Trust Trading Up 0.4%

Shares of BSTZ opened at $22.75 on Monday. BlackRock Science and Technology Term Trust has a one year low of $15.22 and a one year high of $22.87. The stock has a 50 day moving average price of $21.83 and a 200 day moving average price of $19.98.

BlackRock Science and Technology Term Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be paid a $0.1625 dividend. This represents a c) annualized dividend and a dividend yield of 8.6%. The ex-dividend date of this dividend is Wednesday, October 15th.

About BlackRock Science and Technology Term Trust

BlackRock Science and Technology Term Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the science and technology sectors.