BlackRock Science and Technology Trust (NYSE:BST) Short Interest Down 61.8% in April

BlackRock Science and Technology Trust (NYSE:BSTGet Free Report) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 2,300 shares, a decrease of 61.8% from the April 15th total of 6,025 shares. Based on an average trading volume of 116,544 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of BlackRock Science and Technology Trust

A number of institutional investors have recently bought and sold shares of BST. Alchemi Wealth LLC bought a new stake in BlackRock Science and Technology Trust during the fourth quarter valued at $4,693,000. Invesco Ltd. boosted its position in BlackRock Science and Technology Trust by 21.8% during the third quarter. Invesco Ltd. now owns 526,251 shares of the company’s stock valued at $21,766,000 after acquiring an additional 94,036 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in BlackRock Science and Technology Trust by 1,050.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 93,506 shares of the company’s stock valued at $3,791,000 after acquiring an additional 85,381 shares during the last quarter. PMG Family Office LLC bought a new position in shares of BlackRock Science and Technology Trust during the 3rd quarter worth about $2,572,000. Finally, 1607 Capital Partners LLC boosted its position in shares of BlackRock Science and Technology Trust by 16.1% during the 4th quarter. 1607 Capital Partners LLC now owns 374,713 shares of the company’s stock worth $15,191,000 after purchasing an additional 52,097 shares in the last quarter.

BlackRock Science and Technology Trust Stock Performance

BST traded down $0.86 during trading on Friday, reaching $45.42. 135,562 shares of the stock traded hands, compared to its average volume of 96,768. The stock’s 50-day moving average is $40.19 and its 200 day moving average is $40.45. BlackRock Science and Technology Trust has a 12 month low of $34.87 and a 12 month high of $46.35.

BlackRock Science and Technology Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.6%.

BlackRock Science and Technology Trust Company Profile

(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.

Further Reading

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