Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Short Interest Down 83.6% in September

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 28,900 shares, a decline of 83.6% from the September 15th total of 175,700 shares. Based on an average trading volume of 402,800 shares, the short-interest ratio is currently 0.1 days.

Shares of NYSE:BCX traded up $0.06 during trading on Thursday, reaching $9.41. The stock had a trading volume of 130 shares, compared to its average volume of 497,766. The business has a fifty day moving average price of $9.18 and a 200-day moving average price of $9.35. Blackrock Resources & Commodities Strategy Trust has a 1-year low of $5.55 and a 1-year high of $10.22.

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 29th. Shareholders of record on Friday, October 15th will be paid a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date of this dividend is Thursday, October 14th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. D Orazio & Associates Inc. acquired a new position in Blackrock Resources & Commodities Strategy Trust during the second quarter worth $26,000. Northwestern Mutual Wealth Management Co. raised its position in Blackrock Resources & Commodities Strategy Trust by 58.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,591 shares of the investment management company’s stock valued at $43,000 after purchasing an additional 1,686 shares during the period. Motco purchased a new stake in Blackrock Resources & Commodities Strategy Trust in the second quarter valued at $57,000. Arkadios Wealth Advisors raised its position in Blackrock Resources & Commodities Strategy Trust by 455.0% in the second quarter. Arkadios Wealth Advisors now owns 7,060 shares of the investment management company’s stock valued at $66,000 after purchasing an additional 5,788 shares during the period. Finally, CX Institutional purchased a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the 2nd quarter valued at $70,000.

About Blackrock Resources & Commodities Strategy Trust

BlackRock Resources & Commodities Strategy Trust is a closed-end investment fund/investment trust. Its primary investment objective is to seek high current income and current gains, with a secondary objective of capital appreciation. It invests all of its assets in equity securities issued by commodity or natural resources companies, derivatives with exposure to commodity or natural resources companies or investments in securities and derivatives linked to the underlying price movement of commodities or natural resources.

Further Reading: When can a hold rating present a buying opportunity?

Receive News & Ratings for Blackrock Resources & Commodities Strategy Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackrock Resources & Commodities Strategy Trust and related companies with MarketBeat.com's FREE daily email newsletter.