BlackRock Science and Technology Trust (NYSE:BST) Short Interest Update

BlackRock Science and Technology Trust (NYSE:BST) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 29,067 shares, a growth of 166.6% from the June 15th total of 10,904 shares. Based on an average daily trading volume, of 110,879 shares, the days-to-cover ratio is presently 0.3 days.

BlackRock Science and Technology Trust Stock Performance

Shares of BST stock traded down $0.43 on Wednesday, reaching $47.33. The stock had a trading volume of 72,167 shares, compared to its average volume of 102,713. BlackRock Science and Technology Trust has a 1 year low of $34.87 and a 1 year high of $51.30. The company has a 50 day simple moving average of $47.37 and a 200 day simple moving average of $42.49.

BlackRock Science and Technology Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 6.3%.

Institutional Investors Weigh In On BlackRock Science and Technology Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its position in BlackRock Science and Technology Trust by 1,050.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 93,506 shares of the company’s stock valued at $3,791,000 after buying an additional 85,381 shares during the period. PNC Financial Services Group Inc. increased its holdings in BlackRock Science and Technology Trust by 213.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 21,184 shares of the company’s stock valued at $859,000 after buying an additional 14,430 shares during the last quarter. Fortem Financial Group LLC bought a new position in BlackRock Science and Technology Trust in the first quarter worth approximately $486,000. PMG Family Office LLC bought a new stake in shares of BlackRock Science and Technology Trust during the 3rd quarter valued at $2,572,000. Finally, Alchemi Wealth LLC purchased a new stake in shares of BlackRock Science and Technology Trust in the 4th quarter worth $4,693,000.

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.