BlackRock Energy and Resources Trust (NYSE:BGR) Short Interest Up 202.3% in June

BlackRock Energy and Resources Trust (NYSE:BGRGet Free Report) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 19,007 shares, a growth of 202.3% from the June 15th total of 6,288 shares. Based on an average daily trading volume, of 126,735 shares, the days-to-cover ratio is presently 0.1 days.

BlackRock Energy and Resources Trust Stock Up 0.6%

NYSE:BGR traded up $0.09 during mid-day trading on Tuesday, reaching $16.07. 90,904 shares of the company were exchanged, compared to its average volume of 146,365. BlackRock Energy and Resources Trust has a 12 month low of $12.92 and a 12 month high of $17.70. The company has a fifty day moving average of $15.62 and a 200 day moving average of $15.52.

BlackRock Energy and Resources Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.0973 per share. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BGR. Royal Bank of Canada boosted its position in BlackRock Energy and Resources Trust by 15.4% in the 1st quarter. Royal Bank of Canada now owns 138,477 shares of the company’s stock valued at $2,397,000 after buying an additional 18,474 shares during the last quarter. Cypress Capital Group acquired a new stake in shares of BlackRock Energy and Resources Trust in the 1st quarter valued at $208,000. Cetera Investment Advisers raised its position in shares of BlackRock Energy and Resources Trust by 4.7% during the first quarter. Cetera Investment Advisers now owns 64,454 shares of the company’s stock worth $1,116,000 after acquiring an additional 2,864 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of BlackRock Energy and Resources Trust by 14.1% during the first quarter. PNC Financial Services Group Inc. now owns 5,811 shares of the company’s stock worth $101,000 after acquiring an additional 720 shares during the last quarter. Finally, Parallel Advisors LLC acquired a new position in shares of BlackRock Energy and Resources Trust during the first quarter valued at $101,000.

BlackRock Energy and Resources Trust Company Profile

(Get Free Report)

BlackRock Energy and Resources Trust (NYSE: BGR) is a closed-end management investment company that seeks to provide a combination of current income and long-term capital appreciation. The trust focuses its investments primarily on equity and equity-related securities of companies engaged in the energy and natural resources sectors, including exploration, production, refining, distribution and related services.

The trust’s portfolio typically comprises common stocks, American Depositary Receipts (ADRs), master limited partnerships (MLPs) and other equity-linked instruments issued by firms operating in upstream and downstream energy markets, metals and mining, chemicals and related industries.

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