BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) Shares Shorted: Short Interest Up 174.2% in October

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 222,444 shares, a growth of 174.2% from the October 15th total of 81,123 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 457,294 shares, the days-to-cover ratio is currently 0.5 days.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Stock Performance

Shares of NYSE BTX opened at $7.93 on Friday. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a 52-week low of $6.13 and a 52-week high of $9.49. The stock has a market cap of $466.31 million, a PE ratio of -3.49 and a beta of 4.61. The business has a fifty day moving average of $8.71 and a two-hundred day moving average of $8.07.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be paid a $0.0525 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 7.9%. BlackRock Tchnlgy nd Prvt Eqty Trm Trst’s payout ratio is -25.11%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Noble Wealth Management PBC acquired a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the third quarter worth approximately $31,000. Fifth Third Bancorp acquired a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the 1st quarter worth about $57,000. SouthState Bank Corp bought a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the first quarter valued at approximately $69,000. CoreCap Advisors LLC bought a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 2nd quarter valued at $87,000. Finally, Plancorp LLC raised its position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 20.0% during the third quarter. Plancorp LLC now owns 12,000 shares of the company’s stock worth $101,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 26.00% of the company’s stock.

BlackRock Technology and Private Equity Term Trust (NYSE: BTX) is a closed-end investment fund managed by BlackRock. Rather than operating a technology business, the trust invests in securities and private equity interests tied to the technology sector. The trust seeks total return through long-term capital appreciation and current income. Its portfolio may include publicly traded technology companies as well as private equity investments, giving shareholders exposure to both public and private markets.