Short Interest in BlackRock Energy and Resources Trust (NYSE:BGR) Expands By 93.3%

BlackRock Energy and Resources Trust (NYSE:BGRGet Free Report) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 36,744 shares, an increase of 93.3% from the June 30th total of 19,007 shares. Based on an average daily volume of 96,009 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On BlackRock Energy and Resources Trust

Hedge funds have recently modified their holdings of the stock. Assetmark Inc. purchased a new stake in BlackRock Energy and Resources Trust in the fourth quarter valued at approximately $27,000. SHP Wealth Management purchased a new position in BlackRock Energy and Resources Trust during the fourth quarter worth approximately $31,000. Triumph Capital Management purchased a new position in BlackRock Energy and Resources Trust during the third quarter worth approximately $33,000. Rockefeller Capital Management L.P. boosted its holdings in shares of BlackRock Energy and Resources Trust by 286.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,278 shares of the company’s stock valued at $71,000 after purchasing an additional 3,911 shares during the last quarter. Finally, Parallel Advisors LLC acquired a new position in shares of BlackRock Energy and Resources Trust in the 1st quarter valued at $101,000.

BlackRock Energy and Resources Trust Trading Up 1.1%

BlackRock Energy and Resources Trust stock opened at $16.13 on Thursday. The stock has a fifty day moving average price of $15.59 and a 200 day moving average price of $15.73. BlackRock Energy and Resources Trust has a 52 week low of $12.92 and a 52 week high of $17.70.

BlackRock Energy and Resources Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.0973 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 7.2%.

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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