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

BlackRock Energy and Resources Trust (NYSE:BGR) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 32,788 shares, an increase of 118.8% from the April 15th total of 14,985 shares. Based on an average daily volume of 105,605 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On BlackRock Energy and Resources Trust

Several large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in BlackRock Energy and Resources Trust by 2.0% in the 1st quarter. Royal Bank of Canada now owns 157,022 shares of the company’s stock valued at $2,132,000 after buying an additional 3,137 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in BlackRock Energy and Resources Trust by 1.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 74,057 shares of the company’s stock valued at $1,000,000 after buying an additional 1,020 shares in the last quarter. Samalin Investment Counsel LLC grew its stake in BlackRock Energy and Resources Trust by 1.9% in the 3rd quarter. Samalin Investment Counsel LLC now owns 74,947 shares of the company’s stock valued at $1,017,000 after buying an additional 1,364 shares in the last quarter. NWF Advisory Services Inc. purchased a new position in BlackRock Energy and Resources Trust in the 3rd quarter valued at approximately $149,000. Finally, Truist Financial Corp grew its stake in BlackRock Energy and Resources Trust by 2.8% in the 3rd quarter. Truist Financial Corp now owns 160,784 shares of the company’s stock valued at $2,182,000 after buying an additional 4,426 shares in the last quarter.

BlackRock Energy and Resources Trust Trading Up 0.1%

BGR traded up $0.01 during trading hours on Friday, hitting $16.44. The stock had a trading volume of 85,839 shares, compared to its average volume of 158,781. The company’s fifty day simple moving average is $16.36 and its 200 day simple moving average is $14.95. BlackRock Energy and Resources Trust has a 1 year low of $12.12 and a 1 year high of $17.70.

BlackRock Energy and Resources Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.0973 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 7.1%.

BlackRock Energy and Resources Trust Company Profile

BlackRock Energy and Resources Trust (NYSE: BGR) is a closed-end management investment company that seeks to provide a combination of current income and long-term capital appreciation. The trust focuses its investments primarily on equity and equity-related securities of companies engaged in the energy and natural resources sectors, including exploration, production, refining, distribution and related services.

The trust’s portfolio typically comprises common stocks, American Depositary Receipts (ADRs), master limited partnerships (MLPs) and other equity-linked instruments issued by firms operating in upstream and downstream energy markets, metals and mining, chemicals and related industries.