BlackRock Health Sciences Term Trust (NYSE:BMEZ) Sees Large Drop in Short Interest

BlackRock Health Sciences Term Trust (NYSE:BMEZ) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 32,798 shares, a decrease of 60.9% from the September 15th total of 83,940 shares. Based on an average daily volume of 128,882 shares, the days-to-cover ratio is presently 0.3 days.

BlackRock Health Sciences Term Trust Stock Up 1.6%

BMEZ stock opened at $16.44 on Thursday. The business has a 50-day moving average of $16.59 and a 200-day moving average of $15.35. BlackRock Health Sciences Term Trust has a fifty-two week low of $13.70 and a fifty-two week high of $17.25.

BlackRock Health Sciences Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.0%.

Institutional Trading of BlackRock Health Sciences Term Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the business. SouthState Bank Corp acquired a new stake in shares of BlackRock Health Sciences Term Trust during the first quarter worth $29,000. PNC Financial Services Group Inc. bought a new stake in shares of BlackRock Health Sciences Term Trust during the first quarter valued at approximately $35,000. Integrated Wealth Concepts LLC bought a new position in shares of BlackRock Health Sciences Term Trust in the second quarter valued at $46,000. Fifth Third Bancorp acquired a new position in BlackRock Health Sciences Term Trust during the 1st quarter valued at about $142,000. Finally, Kathmere Capital Management LLC bought a new position in BlackRock Health Sciences Term Trust during the 1st quarter valued at $182,000.

About BlackRock Health Sciences Term Trust

BlackRock Health Sciences Term Trust (NYSE:BMEZ) is a publicly traded closed-end investment fund managed by BlackRock Advisors, LLC. The fund seeks to provide total returns through a combination of current income and long-term capital appreciation by investing primarily in companies involved in the health sciences sector.

BMEZ’s investment universe includes businesses in areas such as biotechnology, pharmaceuticals, medical devices, health-care services, and life-sciences tools and equipment.