Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Shares Shorted: Short Interest Down 74.7% in September

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 12,497 shares, a drop of 74.7% from the August 31st total of 49,316 shares. Based on an average daily volume of 162,415 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Blackrock Resources & Commodities Strategy Trust

A number of hedge funds have recently modified their holdings of BCX. NewEdge Advisors LLC increased its stake in shares of Blackrock Resources & Commodities Strategy Trust by 1.6% in the 2nd quarter. NewEdge Advisors LLC now owns 64,896 shares of the investment management company’s stock worth $734,000 after acquiring an additional 1,011 shares in the last quarter. Cypress Capital Management LLC WY bought a new stake in Blackrock Resources & Commodities Strategy Trust during the second quarter worth about $456,000. Citadel Advisors LLC bought a new stake in Blackrock Resources & Commodities Strategy Trust during the second quarter worth about $219,000. Readystate Asset Management LP purchased a new stake in Blackrock Resources & Commodities Strategy Trust in the second quarter worth about $135,000. Finally, Triumph Capital Management grew its holdings in Blackrock Resources & Commodities Strategy Trust by 2.8% in the second quarter. Triumph Capital Management now owns 46,049 shares of the investment management company’s stock worth $521,000 after purchasing an additional 1,238 shares during the period.

Blackrock Resources & Commodities Strategy Trust Trading Down 0.7%

Shares of NYSE BCX traded down $0.09 during mid-day trading on Monday, hitting $11.98. 174,749 shares of the stock traded hands, compared to its average volume of 218,875. The stock has a fifty day moving average price of $12.51 and a 200-day moving average price of $12.13. Blackrock Resources & Commodities Strategy Trust has a 52 week low of $9.68 and a 52 week high of $13.86.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be given a dividend of $0.0697 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.84 annualized dividend and a yield of 7.0%.

Blackrock Resources & Commodities Strategy Trust Company Profile

BlackRock Resources & Commodities Strategy Trust (NYSE: BCX) is a non-diversified, closed-end management investment company. The trust seeks to provide total return through a combination of current income and capital appreciation by investing primarily in securities of companies involved in natural resources and commodities.

Its portfolio may include equity and debt securities issued by companies engaged in energy, metals and mining, agriculture, chemicals, forestry, and other resource-related industries.