Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Sees Significant Increase in Short Interest

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 79,577 shares, an increase of 270.7% from the June 30th total of 21,466 shares. Based on an average trading volume of 151,521 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On Blackrock Resources & Commodities Strategy Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Allied Private Wealth LLC purchased a new position in Blackrock Resources & Commodities Strategy Trust in the 2nd quarter worth approximately $28,000. IFP Advisors Inc purchased a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the fourth quarter valued at approximately $30,000. Advocate Investing Services LLC acquired a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the fourth quarter valued at approximately $35,000. Harbour Investments Inc. acquired a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the fourth quarter valued at approximately $43,000. Finally, Geneos Wealth Management Inc. lifted its position in Blackrock Resources & Commodities Strategy Trust by 431.2% during the first quarter. Geneos Wealth Management Inc. now owns 7,442 shares of the investment management company’s stock worth $69,000 after buying an additional 6,041 shares in the last quarter.

Blackrock Resources & Commodities Strategy Trust Stock Down 0.6%

NYSE BCX traded down $0.07 during mid-day trading on Monday, hitting $11.71. The stock had a trading volume of 145,640 shares, compared to its average volume of 238,407. The firm’s 50 day moving average is $11.63 and its 200 day moving average is $12.09. Blackrock Resources & Commodities Strategy Trust has a twelve month low of $9.40 and a twelve month high of $13.86.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.0697 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Tuesday, September 15th.

About Blackrock Resources & Commodities Strategy Trust

BlackRock Resources & Commodities Strategy Trust (NYSE: BCX) is a closed-end management investment company focused on achieving total return through exposure to global commodities and natural resource sectors. Listed on the New York Stock Exchange, the trust offers investors a vehicle for diversified access to commodity markets, including energy, agriculture, metals and minerals, as well as related equities. By packaging multiple exposure strategies within a single portfolio, BCX seeks to deliver returns that are uncorrelated with traditional equity and fixed-income benchmarks.

The trust pursues its objectives through a combination of direct and indirect instruments.