BlackRock Science and Technology Trust (NYSE:BST) Short Interest Up 136.5% in July

BlackRock Science and Technology Trust (NYSE:BST) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 50,409 shares, a growth of 136.5% from the July 15th total of 21,317 shares. Based on an average daily volume of 91,396 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BST. Trust Co. of Vermont purchased a new position in shares of BlackRock Science and Technology Trust in the 2nd quarter valued at about $76,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in BlackRock Science and Technology Trust by 4.1% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,417 shares of the company’s stock worth $478,000 after acquiring an additional 372 shares during the last quarter. Focus Financial Network Inc. grew its holdings in BlackRock Science and Technology Trust by 6.0% during the 2nd quarter. Focus Financial Network Inc. now owns 18,483 shares of the company’s stock worth $937,000 after acquiring an additional 1,048 shares in the last quarter. Noble Wealth Management PBC purchased a new stake in shares of BlackRock Science and Technology Trust in the 2nd quarter valued at approximately $345,000. Finally, Bank of America Corp DE raised its holdings in shares of BlackRock Science and Technology Trust by 23.3% in the 1st quarter. Bank of America Corp DE now owns 280,055 shares of the company’s stock valued at $10,180,000 after purchasing an additional 52,846 shares in the last quarter.

BlackRock Science and Technology Trust Trading Down 1.0%

Shares of BST stock traded down $0.48 during trading on Friday, reaching $49.88. The company’s stock had a trading volume of 92,773 shares, compared to its average volume of 101,060. BlackRock Science and Technology Trust has a 1-year low of $34.87 and a 1-year high of $51.30. The stock’s 50-day moving average price is $47.60 and its 200 day moving average price is $43.52.

BlackRock Science and Technology Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%.

BlackRock Science and Technology Trust Company Profile

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.