BlackRock Science and Technology Trust (NYSE:BST) Sees Large Growth in Short Interest

BlackRock Science and Technology Trust (NYSE:BST) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 13,024 shares, an increase of 466.3% from the April 30th total of 2,300 shares. Based on an average daily volume of 119,377 shares, the days-to-cover ratio is presently 0.1 days.

BlackRock Science and Technology Trust Stock Up 0.7%

Shares of NYSE BST traded up $0.33 during mid-day trading on Friday, hitting $49.58. The company had a trading volume of 151,197 shares, compared to its average volume of 101,376. BlackRock Science and Technology Trust has a 1-year low of $34.87 and a 1-year high of $50.56. The business’s 50-day simple moving average is $41.73 and its 200 day simple moving average is $40.72.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp acquired a new position in BlackRock Science and Technology Trust during the 3rd quarter worth $26,000. Ascentis Independent Advisors purchased a new position in BlackRock Science and Technology Trust in the first quarter worth approximately $38,000. Guerra Advisors Inc acquired a new position in BlackRock Science and Technology Trust during the 3rd quarter worth approximately $39,000. Fifth Third Bancorp acquired a new position in BlackRock Science and Technology Trust during the 1st quarter worth approximately $78,000. Finally, Advisory Services Network LLC acquired a new position in BlackRock Science and Technology Trust during the 3rd quarter worth approximately $121,000.

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.