BlackRock Energy and Resources Trust (NYSE:BGR) Short Interest Update

BlackRock Energy and Resources Trust (NYSE:BGRGet Free Report) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 20,534 shares, a growth of 1,458.0% from the July 30th total of 1,318 shares. Based on an average daily volume of 79,182 shares, the short-interest ratio is currently 0.3 days.

BlackRock Energy and Resources Trust Stock Performance

BlackRock Energy and Resources Trust stock opened at $17.05 on Thursday. BlackRock Energy and Resources Trust has a 52-week low of $12.92 and a 52-week high of $17.70. The business has a 50-day simple moving average of $15.97 and a two-hundred day simple moving average of $16.01.

BlackRock Energy and Resources Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.0973 per share. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Readystate Asset Management LP bought a new stake in shares of BlackRock Energy and Resources Trust during the 2nd quarter valued at $164,000. Susquehanna International Group LLP bought a new position in BlackRock Energy and Resources Trust in the 2nd quarter worth $168,000. Beacon Pointe Advisors LLC bought a new position in BlackRock Energy and Resources Trust in the 2nd quarter worth $566,000. Centaurus Financial Inc. purchased a new position in BlackRock Energy and Resources Trust during the second quarter valued at $235,000. Finally, Bank of America Corp DE bought a new stake in BlackRock Energy and Resources Trust during the second quarter valued at about $2,129,000.

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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