BlackRock Science and Technology Trust (NYSE:BST) Short Interest Up 77.0% in May

BlackRock Science and Technology Trust (NYSE:BST) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 23,049 shares, a growth of 77.0% from the May 14th total of 13,024 shares. Based on an average daily volume of 148,867 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On BlackRock Science and Technology Trust

A number of large investors have recently modified their holdings of the business. Arkadios Wealth Advisors raised its position in shares of BlackRock Science and Technology Trust by 4.7% in the 4th quarter. Arkadios Wealth Advisors now owns 7,779 shares of the company’s stock valued at $315,000 after purchasing an additional 349 shares during the last quarter. JPMorgan Chase & Co. grew its position in BlackRock Science and Technology Trust by 9.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,214 shares of the company’s stock worth $174,000 after purchasing an additional 355 shares during the last quarter. Symphony Financial Services Inc. increased its stake in BlackRock Science and Technology Trust by 5.5% during the 4th quarter. Symphony Financial Services Inc. now owns 6,863 shares of the company’s stock valued at $278,000 after purchasing an additional 360 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in BlackRock Science and Technology Trust by 9.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,254 shares of the company’s stock valued at $171,000 after purchasing an additional 380 shares in the last quarter. Finally, Walled Lake Planning & Wealth Management LLC raised its holdings in shares of BlackRock Science and Technology Trust by 4.8% in the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 9,177 shares of the company’s stock worth $372,000 after buying an additional 424 shares during the last quarter.

BlackRock Science and Technology Trust Stock Up 0.5%

Shares of BST stock opened at $48.28 on Wednesday. BlackRock Science and Technology Trust has a 12-month low of $34.87 and a 12-month high of $50.56. The business’s fifty day simple moving average is $44.30 and its 200-day simple moving average is $41.38.

BlackRock Science and Technology Trust Dividend Announcement

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 paid a $0.25 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.2%.

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.