BlackRock Science and Technology Trust (NYSE:BST) Sees Large Drop in Short Interest

BlackRock Science and Technology Trust (NYSE:BST) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 10,904 shares, a decrease of 52.7% from the May 31st total of 23,049 shares. Based on an average daily volume of 135,598 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On BlackRock Science and Technology Trust

Institutional investors have recently added to or reduced their stakes in the company. Ascentis Independent Advisors acquired a new position in shares of BlackRock Science and Technology Trust in the 1st quarter valued at approximately $38,000. Fifth Third Bancorp acquired a new position in shares of BlackRock Science and Technology Trust in the 1st quarter valued at about $78,000. Advisory Services Network LLC acquired a new position in BlackRock Science and Technology Trust in the third quarter valued at approximately $121,000. JPMorgan Chase & Co. grew its stake in BlackRock Science and Technology Trust by 36.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,859 shares of the company’s stock worth $147,000 after buying an additional 1,033 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of BlackRock Science and Technology Trust by 9.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,254 shares of the company’s stock worth $171,000 after acquiring an additional 380 shares during the last quarter.

BlackRock Science and Technology Trust Stock Performance

BlackRock Science and Technology Trust stock traded up $2.06 during mid-day trading on Tuesday, hitting $51.12. 265,256 shares of the company were exchanged, compared to its average volume of 105,200. The business’s 50 day simple moving average is $45.94 and its two-hundred day simple moving average is $41.86. BlackRock Science and Technology Trust has a 12-month low of $34.87 and a 12-month high of $51.30.

BlackRock Science and Technology Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.25 per share. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

BlackRock Science and Technology Trust Company Profile

BlackRock Science and Technology Trust (NYSE: BST) is a closed-end management investment company that concentrates its investments in the equity securities of companies engaged in science and technology industries. Established in December 2018, the trust seeks to provide shareholders with total return through a combination of capital appreciation and current income. BST primarily targets firms involved in information technology, biotechnology, clean energy, advanced manufacturing, and other technology-driven sectors.

The trust’s investment strategy is rooted in fundamental, bottom-up analysis carried out by a dedicated team of research professionals at BlackRock.