Short Interest in BlackRock Energy and Resources Trust (NYSE:BGR) Grows By 118.8%

BlackRock Energy and Resources Trust (NYSE:BGRGet Free Report) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 32,788 shares, an increase of 118.8% from the April 15th total of 14,985 shares. Based on an average daily volume of 105,605 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On BlackRock Energy and Resources Trust

Several large investors have recently modified their holdings of the stock. Cypress Capital Group bought a new position in shares of BlackRock Energy and Resources Trust during the 1st quarter valued at approximately $208,000. Cetera Investment Advisers increased its position in shares of BlackRock Energy and Resources Trust by 4.7% during the 1st quarter. Cetera Investment Advisers now owns 64,454 shares of the company’s stock valued at $1,116,000 after purchasing an additional 2,864 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of BlackRock Energy and Resources Trust by 14.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,811 shares of the company’s stock valued at $101,000 after purchasing an additional 720 shares during the last quarter. Parallel Advisors LLC bought a new position in shares of BlackRock Energy and Resources Trust during the 1st quarter valued at approximately $101,000. Finally, NWF Advisory Services Inc. increased its position in shares of BlackRock Energy and Resources Trust by 15.0% during the 1st quarter. NWF Advisory Services Inc. now owns 15,303 shares of the company’s stock valued at $265,000 after purchasing an additional 2,000 shares during the last quarter.

BlackRock Energy and Resources Trust Price Performance

NYSE BGR opened at $16.44 on Friday. The business’s 50 day moving average price is $16.36 and its 200-day moving average price is $14.94. BlackRock Energy and Resources Trust has a fifty-two week low of $12.12 and a fifty-two week high of $17.70.

BlackRock Energy and Resources Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.0973 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 7.1%.

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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