BlackRock Energy and Resources Trust (NYSE:BGR – Get Free Report) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 1,318 shares, a decrease of 96.4% from the July 15th total of 36,744 shares. Based on an average trading volume of 74,388 shares, the days-to-cover ratio is currently 0.0 days.
Hedge Funds Weigh In On BlackRock Energy and Resources Trust
A number of institutional investors have recently modified their holdings of BGR. Assetmark Inc. purchased a new stake in shares of BlackRock Energy and Resources Trust in the fourth quarter valued at approximately $27,000. SHP Wealth Management bought a new stake in BlackRock Energy and Resources Trust during the 4th quarter valued at $31,000. Triumph Capital Management purchased a new stake in shares of BlackRock Energy and Resources Trust in the 3rd quarter worth $33,000. Rockefeller Capital Management L.P. grew its position in shares of BlackRock Energy and Resources Trust by 286.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,278 shares of the company’s stock worth $71,000 after buying an additional 3,911 shares in the last quarter. Finally, Parallel Advisors LLC bought a new position in shares of BlackRock Energy and Resources Trust during the 1st quarter worth $101,000.
BlackRock Energy and Resources Trust Stock Performance
BGR stock traded up $0.04 during midday trading on Thursday, reaching $16.77. The company’s stock had a trading volume of 30,624 shares, compared to its average volume of 136,615. The stock has a fifty day simple moving average of $15.66 and a two-hundred day simple moving average of $15.85. BlackRock Energy and Resources Trust has a 1 year low of $12.92 and a 1 year high of $17.70.
BlackRock Energy and Resources Trust Dividend Announcement
BlackRock Energy and Resources Trust Company Profile
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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