BlackRock Energy and Resources Trust (NYSE:BGR) Sees Large Decline in Short Interest

BlackRock Energy and Resources Trust (NYSE:BGR) was the recipient of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 70,600 shares, a decrease of 51.7% from the February 13th total of 146,300 shares. Based on an average daily volume of 96,000 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of BlackRock Energy and Resources Trust

Several institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in shares of BlackRock Energy and Resources Trust during the 4th quarter valued at about $4,869,000. Advisors Asset Management Inc. boosted its position in BlackRock Energy and Resources Trust by 16.5% in the fourth quarter. Advisors Asset Management Inc. now owns 258,499 shares of the company’s stock valued at $3,260,000 after buying an additional 36,677 shares in the last quarter. LPL Financial LLC boosted its position in BlackRock Energy and Resources Trust by 20.1% in the fourth quarter. LPL Financial LLC now owns 184,717 shares of the company’s stock valued at $2,329,000 after buying an additional 30,961 shares in the last quarter. Truist Financial Corp boosted its position in BlackRock Energy and Resources Trust by 5.0% in the fourth quarter. Truist Financial Corp now owns 135,942 shares of the company’s stock valued at $1,714,000 after buying an additional 6,506 shares in the last quarter. Finally, Samalin Investment Counsel LLC boosted its position in BlackRock Energy and Resources Trust by 6.9% in the fourth quarter. Samalin Investment Counsel LLC now owns 67,267 shares of the company’s stock valued at $848,000 after buying an additional 4,368 shares in the last quarter.

BlackRock Energy and Resources Trust Price Performance

Shares of BlackRock Energy and Resources Trust stock traded up $0.05 during trading on Friday, hitting $13.05. 49,315 shares of the company’s stock traded hands, compared to its average volume of 87,100. The firm’s fifty day moving average price is $13.30 and its 200 day moving average price is $13.14. BlackRock Energy and Resources Trust has a twelve month low of $12.10 and a twelve month high of $13.94.

BlackRock Energy and Resources Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.0973 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.17 annualized dividend and a dividend yield of 8.95%.

BlackRock Energy and Resources Trust Company Profile

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.