BlackRock Energy and Resources Trust (NYSE:BGR) Sees Significant Decrease in Short Interest

BlackRock Energy and Resources Trust (NYSE:BGR) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 47,000 shares, a decrease of 33.4% from the February 28th total of 70,600 shares. Based on an average daily volume of 92,200 shares, the days-to-cover ratio is presently 0.5 days.

BlackRock Energy and Resources Trust Stock Down 1.1 %

Shares of NYSE BGR traded down $0.15 during midday trading on Friday, reaching $13.53. The stock had a trading volume of 68,642 shares, compared to its average volume of 87,224. BlackRock Energy and Resources Trust has a twelve month low of $12.10 and a twelve month high of $13.94. The company’s 50 day moving average price is $13.34 and its 200 day moving average price is $13.19.

BlackRock Energy and Resources Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.0973 per share. The ex-dividend date is Friday, March 14th. This represents a $1.17 annualized dividend and a dividend yield of 8.63%.

Institutional Investors Weigh In On BlackRock Energy and Resources Trust

Several institutional investors have recently bought and sold shares of the stock. Stifel Financial Corp boosted its holdings in BlackRock Energy and Resources Trust by 4.9% during the fourth quarter. Stifel Financial Corp now owns 31,769 shares of the company’s stock worth $401,000 after purchasing an additional 1,491 shares during the last quarter. Elequin Capital LP bought a new position in shares of BlackRock Energy and Resources Trust in the fourth quarter valued at approximately $41,000. Private Advisor Group LLC increased its position in shares of BlackRock Energy and Resources Trust by 25.5% during the fourth quarter. Private Advisor Group LLC now owns 18,525 shares of the company’s stock valued at $234,000 after acquiring an additional 3,763 shares during the last quarter. Millstone Evans Group LLC bought a new stake in BlackRock Energy and Resources Trust during the fourth quarter worth $54,000. Finally, Brown Brothers Harriman & Co. purchased a new position in BlackRock Energy and Resources Trust in the third quarter worth $56,000.

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.