Short Interest in BlackRock Energy and Resources Trust (NYSE:BGR) Increases By 10.9%

BlackRock Energy and Resources Trust (NYSE:BGR) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 34,700 shares, an increase of 10.9% from the October 31st total of 31,300 shares. Based on an average daily volume of 103,000 shares, the short-interest ratio is presently 0.3 days.

BlackRock Energy and Resources Trust Price Performance

Shares of BlackRock Energy and Resources Trust stock remained flat at $13.56 during midday trading on Tuesday. The company had a trading volume of 83,656 shares, compared to its average volume of 82,809. The firm has a 50 day simple moving average of $13.22 and a 200 day simple moving average of $13.07. BlackRock Energy and Resources Trust has a 1-year low of $11.86 and a 1-year high of $13.85.

BlackRock Energy and Resources Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 16th will be paid a $0.0973 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.17 annualized dividend and a dividend yield of 8.61%.

Institutional Investors Weigh In On BlackRock Energy and Resources Trust

Hedge funds have recently made changes to their positions in the company. Truist Financial Corp raised its position in BlackRock Energy and Resources Trust by 0.7% in the 2nd quarter. Truist Financial Corp now owns 162,487 shares of the company’s stock valued at $2,148,000 after purchasing an additional 1,175 shares during the last quarter. NBC Securities Inc. increased its stake in shares of BlackRock Energy and Resources Trust by 19.6% in the third quarter. NBC Securities Inc. now owns 9,164 shares of the company’s stock valued at $118,000 after buying an additional 1,500 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of BlackRock Energy and Resources Trust in the third quarter valued at about $56,000. Moors & Cabot Inc. acquired a new position in BlackRock Energy and Resources Trust during the 3rd quarter worth about $137,000. Finally, All Season Financial Advisors Inc. grew its holdings in BlackRock Energy and Resources Trust by 38.5% during the 2nd quarter. All Season Financial Advisors Inc. now owns 43,452 shares of the company’s stock worth $574,000 after acquiring an additional 12,080 shares during the last quarter.

About BlackRock Energy and Resources Trust

BlackRock Energy and Resources Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe, with an emphasis on the United States. The fund seeks to invest in stocks of companies operating in the energy and natural resources sectors.