Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Short Interest Update

Blackrock Resources & Commodities Strategy Trust (NYSE:BCXGet Free Report) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 79,577 shares, a growth of 270.7% from the June 30th total of 21,466 shares. Based on an average daily trading volume, of 151,521 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG boosted its stake in shares of Blackrock Resources & Commodities Strategy Trust by 24.8% in the fourth quarter. UBS Group AG now owns 254,867 shares of the investment management company’s stock valued at $2,798,000 after buying an additional 50,706 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Blackrock Resources & Commodities Strategy Trust by 15,635.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 236,038 shares of the investment management company’s stock worth $2,592,000 after acquiring an additional 234,538 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Blackrock Resources & Commodities Strategy Trust by 25.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 954,111 shares of the investment management company’s stock worth $10,476,000 after acquiring an additional 193,587 shares during the period. Kestra Advisory Services LLC raised its holdings in Blackrock Resources & Commodities Strategy Trust by 1,149.5% in the 1st quarter. Kestra Advisory Services LLC now owns 143,666 shares of the investment management company’s stock valued at $1,731,000 after acquiring an additional 132,168 shares in the last quarter. Finally, 180 Wealth Advisors LLC raised its holdings in Blackrock Resources & Commodities Strategy Trust by 7.5% in the 1st quarter. 180 Wealth Advisors LLC now owns 1,080,074 shares of the investment management company’s stock valued at $13,015,000 after acquiring an additional 74,976 shares in the last quarter.

Blackrock Resources & Commodities Strategy Trust Stock Down 0.6%

Blackrock Resources & Commodities Strategy Trust stock traded down $0.07 during trading hours on Friday, hitting $11.78. The company had a trading volume of 147,429 shares, compared to its average volume of 239,070. Blackrock Resources & Commodities Strategy Trust has a one year low of $9.40 and a one year high of $13.86. The firm has a 50-day moving average of $11.64 and a 200 day moving average of $12.08.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.0697 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 7.1%.

Blackrock Resources & Commodities Strategy Trust Company Profile

(Get Free Report)

BlackRock Resources & Commodities Strategy Trust (NYSE: BCX) is a closed-end management investment company focused on achieving total return through exposure to global commodities and natural resource sectors. Listed on the New York Stock Exchange, the trust offers investors a vehicle for diversified access to commodity markets, including energy, agriculture, metals and minerals, as well as related equities. By packaging multiple exposure strategies within a single portfolio, BCX seeks to deliver returns that are uncorrelated with traditional equity and fixed-income benchmarks.

The trust pursues its objectives through a combination of direct and indirect instruments.

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