Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Sees Significant Increase in Short Interest

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 81,300 shares, a growth of 427.9% from the February 29th total of 15,400 shares. Based on an average daily volume of 366,400 shares, the days-to-cover ratio is currently 0.2 days.

Blackrock Resources & Commodities Strategy Trust Stock Performance

Shares of NYSE:BCX opened at $9.08 on Friday. The stock’s 50-day moving average is $8.59 and its 200 day moving average is $8.79. Blackrock Resources & Commodities Strategy Trust has a 1 year low of $8.25 and a 1 year high of $9.90.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.052 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.62 annualized dividend and a dividend yield of 6.87%.

Institutional Trading of Blackrock Resources & Commodities Strategy Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BCX. Tower Research Capital LLC TRC increased its position in Blackrock Resources & Commodities Strategy Trust by 51,420.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,576 shares of the investment management company’s stock valued at $25,000 after purchasing an additional 2,571 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of Blackrock Resources & Commodities Strategy Trust during the 1st quarter valued at about $31,000. Samalin Investment Counsel LLC purchased a new position in shares of Blackrock Resources & Commodities Strategy Trust during the first quarter valued at about $33,000. Captrust Financial Advisors bought a new position in Blackrock Resources & Commodities Strategy Trust in the second quarter worth about $33,000. Finally, Geneos Wealth Management Inc. raised its stake in Blackrock Resources & Commodities Strategy Trust by 64.3% in the first quarter. Geneos Wealth Management Inc. now owns 4,256 shares of the investment management company’s stock worth $46,000 after buying an additional 1,665 shares in the last quarter.

Blackrock Resources & Commodities Strategy Trust Company Profile

Blackrock Resources & Commodities Strategy Trust is a closed-ended equity mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the commodities or natural resources sectors.