Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Short Interest Update

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 81,300 shares, a growth of 427.9% from the February 29th total of 15,400 shares. Based on an average daily trading volume, of 366,400 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Blackrock Resources & Commodities Strategy Trust

Several hedge funds have recently made changes to their positions in the company. Lazard Asset Management LLC boosted its holdings in Blackrock Resources & Commodities Strategy Trust by 11.3% during the first quarter. Lazard Asset Management LLC now owns 2,528,844 shares of the investment management company’s stock worth $27,918,000 after buying an additional 256,075 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Blackrock Resources & Commodities Strategy Trust by 4.6% in the third quarter. Ameriprise Financial Inc. now owns 2,437,859 shares of the investment management company’s stock valued at $22,447,000 after buying an additional 107,368 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Blackrock Resources & Commodities Strategy Trust by 41.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,883,061 shares of the investment management company’s stock valued at $16,722,000 after buying an additional 550,047 shares in the last quarter. Saba Capital Management L.P. raised its stake in shares of Blackrock Resources & Commodities Strategy Trust by 23.0% during the 3rd quarter. Saba Capital Management L.P. now owns 1,600,113 shares of the investment management company’s stock worth $14,737,000 after buying an additional 299,531 shares during the period. Finally, Royal Bank of Canada lifted its position in shares of Blackrock Resources & Commodities Strategy Trust by 4.3% during the 1st quarter. Royal Bank of Canada now owns 993,069 shares of the investment management company’s stock valued at $10,964,000 after buying an additional 41,012 shares in the last quarter.

Blackrock Resources & Commodities Strategy Trust Stock Up 1.7 %

NYSE BCX opened at $8.95 on Thursday. The firm’s fifty day simple moving average is $8.58 and its two-hundred day simple moving average is $8.79. Blackrock Resources & Commodities Strategy Trust has a 12-month low of $8.25 and a 12-month high of $9.90.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.052 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.62 annualized dividend and a dividend yield of 6.97%.

About Blackrock Resources & Commodities Strategy Trust

Blackrock Resources & Commodities Strategy Trust is a closed-ended equity mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the commodities or natural resources sectors.