Short Interest in BlackRock Energy and Resources Trust (NYSE:BGR) Declines By 94.2%

BlackRock Energy and Resources Trust (NYSE:BGR) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 1,183 shares, a drop of 94.2% from the August 15th total of 20,534 shares. Based on an average daily trading volume, of 101,199 shares, the short-interest ratio is currently 0.0 days.

BlackRock Energy and Resources Trust Trading Up 0.1%

Shares of NYSE:BGR traded up $0.01 on Thursday, hitting $17.61. 192,310 shares of the company’s stock were exchanged, compared to its average volume of 132,913. The firm’s 50-day moving average is $16.53 and its 200 day moving average is $16.18. BlackRock Energy and Resources Trust has a 1-year low of $12.92 and a 1-year high of $17.80.

Institutional Investors Weigh In On BlackRock Energy and Resources Trust

Institutional investors have recently added to or reduced their stakes in the business. Absolute Investment Advisers LLC purchased a new position in BlackRock Energy and Resources Trust in the first quarter valued at approximately $3,955,000. Beacon Pointe Advisors LLC purchased a new stake in shares of BlackRock Energy and Resources Trust during the 2nd quarter worth approximately $566,000. Parallel Advisors LLC purchased a new stake in shares of BlackRock Energy and Resources Trust during the 1st quarter worth approximately $101,000. NWF Advisory Services Inc. boosted its holdings in shares of BlackRock Energy and Resources Trust by 15.0% in the 1st quarter. NWF Advisory Services Inc. now owns 15,303 shares of the company’s stock valued at $265,000 after buying an additional 2,000 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of BlackRock Energy and Resources Trust by 6.6% in the 1st quarter. Private Advisor Group LLC now owns 52,635 shares of the company’s stock valued at $911,000 after buying an additional 3,246 shares in the last quarter.

About BlackRock Energy and Resources Trust

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.