BlackRock Energy and Resources Trust (NYSE:BGR) Short Interest Update

BlackRock Energy and Resources Trust (NYSE:BGR) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 20,534 shares, an increase of 1,458.0% from the July 30th total of 1,318 shares. Based on an average daily trading volume, of 79,182 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On BlackRock Energy and Resources Trust

Several hedge funds have recently added to or reduced their stakes in BGR. Absolute Investment Advisers LLC purchased a new position in shares of BlackRock Energy and Resources Trust in the 1st quarter worth about $3,955,000. UBS Group AG raised its holdings in shares of BlackRock Energy and Resources Trust by 1.2% during the 4th quarter. UBS Group AG now owns 225,951 shares of the company’s stock valued at $3,059,000 after buying an additional 2,761 shares in the last quarter. Truist Financial Corp lifted its position in BlackRock Energy and Resources Trust by 4.0% in the 4th quarter. Truist Financial Corp now owns 167,142 shares of the company’s stock worth $2,263,000 after buying an additional 6,358 shares during the last quarter. Royal Bank of Canada lifted its position in BlackRock Energy and Resources Trust by 2.0% in the 1st quarter. Royal Bank of Canada now owns 157,022 shares of the company’s stock worth $2,132,000 after buying an additional 3,137 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in BlackRock Energy and Resources Trust in the second quarter worth approximately $2,129,000.

BlackRock Energy and Resources Trust Stock Performance

Shares of BlackRock Energy and Resources Trust stock traded down $0.20 on Tuesday, hitting $17.05. 123,588 shares of the company traded hands, compared to its average volume of 135,015. BlackRock Energy and Resources Trust has a 12-month low of $12.92 and a 12-month high of $17.70. The firm’s 50-day simple moving average is $15.93 and its 200 day simple moving average is $15.99.

BlackRock Energy and Resources Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.0973 dividend. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

BlackRock Energy and Resources Trust Company Profile

BlackRock Energy and Resources Trust (NYSE: BGR) is a closed-end management investment company that seeks to provide a combination of current income and long-term capital appreciation. The trust focuses its investments primarily on equity and equity-related securities of companies engaged in the energy and natural resources sectors, including exploration, production, refining, distribution and related services.

The trust’s portfolio typically comprises common stocks, American Depositary Receipts (ADRs), master limited partnerships (MLPs) and other equity-linked instruments issued by firms operating in upstream and downstream energy markets, metals and mining, chemicals and related industries.