BlackRock Science and Technology Trust (NYSE:BST) Short Interest Up 136.5% in July

BlackRock Science and Technology Trust (NYSE:BSTGet Free Report) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 50,409 shares, a growth of 136.5% from the July 15th total of 21,317 shares. Based on an average daily trading volume, of 91,396 shares, the days-to-cover ratio is currently 0.6 days.

BlackRock Science and Technology Trust Trading Down 1.0%

BST stock traded down $0.48 during midday trading on Friday, reaching $49.88. 92,773 shares of the company were exchanged, compared to its average volume of 101,060. BlackRock Science and Technology Trust has a one year low of $34.87 and a one year high of $51.30. The business has a 50-day moving average price of $47.60 and a two-hundred day moving average price of $43.52.

BlackRock Science and Technology 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 given a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 6.0%.

Hedge Funds Weigh In On BlackRock Science and Technology Trust

Several hedge funds and other institutional investors have recently modified their holdings of the business. Alchemi Wealth LLC bought a new position in shares of BlackRock Science and Technology Trust in the 4th quarter valued at $4,693,000. Invesco Ltd. grew its position in BlackRock Science and Technology Trust by 21.8% during the 3rd quarter. Invesco Ltd. now owns 526,251 shares of the company’s stock worth $21,766,000 after acquiring an additional 94,036 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in BlackRock Science and Technology Trust by 1,050.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 93,506 shares of the company’s stock worth $3,791,000 after purchasing an additional 85,381 shares in the last quarter. Bank of America Corp DE increased its holdings in BlackRock Science and Technology Trust by 23.3% in the 1st quarter. Bank of America Corp DE now owns 280,055 shares of the company’s stock worth $10,180,000 after purchasing an additional 52,846 shares in the last quarter. Finally, 1607 Capital Partners LLC raised its position in BlackRock Science and Technology Trust by 16.1% in the fourth quarter. 1607 Capital Partners LLC now owns 374,713 shares of the company’s stock valued at $15,191,000 after purchasing an additional 52,097 shares during the last quarter.

About BlackRock Science and Technology Trust

(Get Free Report)

BlackRock Science and Technology Trust (NYSE: BST) is a closed-end management investment company that concentrates its investments in the equity securities of companies engaged in science and technology industries. Established in December 2018, the trust seeks to provide shareholders with total return through a combination of capital appreciation and current income. BST primarily targets firms involved in information technology, biotechnology, clean energy, advanced manufacturing, and other technology-driven sectors.

The trust’s investment strategy is rooted in fundamental, bottom-up analysis carried out by a dedicated team of research professionals at BlackRock.

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