BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) Sees Large Decline in Short Interest

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 97,118 shares, a drop of 51.9% from the April 15th total of 201,817 shares. Based on an average daily volume of 813,865 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Readystate Asset Management LP purchased a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 3rd quarter valued at approximately $2,269,000. Wolverine Asset Management LLC purchased a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 3rd quarter valued at approximately $3,538,000. Oppenheimer & Co. Inc. purchased a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 3rd quarter valued at approximately $1,541,000. Matisse Capital purchased a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 3rd quarter valued at approximately $3,692,000. Finally, Absolute Investment Advisers LLC purchased a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 4th quarter valued at approximately $4,302,000. 26.00% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Trading Down 2.5%

Shares of BTX stock traded down $0.23 during trading hours on Friday, hitting $8.61. 631,052 shares of the company were exchanged, compared to its average volume of 816,555. The firm has a fifty day simple moving average of $7.18 and a 200 day simple moving average of $6.87. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a 52-week low of $6.13 and a 52-week high of $8.94. The stock has a market capitalization of $506.20 million, a price-to-earnings ratio of -3.79 and a beta of 4.61.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.0525 dividend. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Monday, June 15th. BlackRock Tchnlgy nd Prvt Eqty Trm Trst’s payout ratio is currently -27.75%.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE: BTX) is a closed-end, term investment trust listed on the New York Stock Exchange. The vehicle is structured to provide investors with exposure to technology-focused companies and private equity investments through a managed portfolio of equity securities and related instruments. As a term trust, BTX operates with a defined life and an eventual liquidation or conversion mechanism determined by the fund’s governing documents and shareholder votes.

The trust’s stated investment focus centers on companies operating in the technology sector and on private equity interests that complement its public market holdings.