Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Short Interest Up 160.7% in April

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 43,782 shares, a growth of 160.7% from the April 15th total of 16,791 shares. Based on an average trading volume of 174,634 shares, the days-to-cover ratio is currently 0.3 days.

Blackrock Resources & Commodities Strategy Trust Trading Down 3.1%

BCX stock traded down $0.39 during trading on Friday, reaching $11.90. 239,258 shares of the company’s stock were exchanged, compared to its average volume of 259,216. Blackrock Resources & Commodities Strategy Trust has a 1-year low of $9.11 and a 1-year high of $13.86. The company’s fifty day moving average price is $12.19 and its 200-day moving average price is $11.65.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The firm 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 $0.0697 per share. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date is Monday, June 15th.

Institutional Trading of Blackrock Resources & Commodities Strategy Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. IFP Advisors Inc bought a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the 4th quarter worth $30,000. Advocate Investing Services LLC bought a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the 4th quarter worth $35,000. Harbour Investments Inc. bought a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the 4th quarter worth $43,000. CWM LLC raised its stake in shares of Blackrock Resources & Commodities Strategy Trust by 69.0% in the 3rd quarter. CWM LLC now owns 5,327 shares of the investment management company’s stock worth $54,000 after buying an additional 2,175 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Blackrock Resources & Commodities Strategy Trust by 431.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 7,442 shares of the investment management company’s stock worth $69,000 after buying an additional 6,041 shares in the last quarter.

About Blackrock Resources & Commodities Strategy Trust

BlackRock Resources & Commodities Strategy Trust (NYSE: BCX) is a closed-end management investment company focused on achieving total return through exposure to global commodities and natural resource sectors. Listed on the New York Stock Exchange, the trust offers investors a vehicle for diversified access to commodity markets, including energy, agriculture, metals and minerals, as well as related equities. By packaging multiple exposure strategies within a single portfolio, BCX seeks to deliver returns that are uncorrelated with traditional equity and fixed-income benchmarks.

The trust pursues its objectives through a combination of direct and indirect instruments.