BlackRock Science and Technology Trust (NYSE:BST – Get Free Report) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 23,049 shares, a growth of 77.0% from the May 14th total of 13,024 shares. Based on an average daily volume of 148,867 shares, the short-interest ratio is currently 0.2 days.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of BST. Jones Financial Companies Lllp acquired a new stake in BlackRock Science and Technology Trust during the 3rd quarter valued at $26,000. Ascentis Independent Advisors acquired a new stake in BlackRock Science and Technology Trust during the 1st quarter valued at $38,000. Fifth Third Bancorp acquired a new stake in BlackRock Science and Technology Trust during the 1st quarter valued at $78,000. Advisory Services Network LLC acquired a new stake in BlackRock Science and Technology Trust during the 3rd quarter valued at $121,000. Finally, JPMorgan Chase & Co. grew its holdings in BlackRock Science and Technology Trust by 36.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,859 shares of the company’s stock valued at $147,000 after buying an additional 1,033 shares during the last quarter.
BlackRock Science and Technology Trust Stock Performance
NYSE BST traded up $0.07 during mid-day trading on Tuesday, hitting $48.28. The stock had a trading volume of 95,161 shares, compared to its average volume of 104,610. BlackRock Science and Technology Trust has a 52-week low of $34.87 and a 52-week high of $50.56. The company has a 50 day simple moving average of $44.08 and a 200 day simple moving average of $41.32.
BlackRock Science and Technology Trust Announces Dividend
About BlackRock Science and Technology Trust
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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