Short Interest in BlackRock Science and Technology Trust (NYSE:BST) Grows By 85.4%

BlackRock Science and Technology Trust (NYSE:BST) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 95,350 shares, a growth of 85.4% from the August 15th total of 51,424 shares. Based on an average daily volume of 77,914 shares, the short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On BlackRock Science and Technology Trust

Several hedge funds have recently made changes to their positions in the business. Ascentis Independent Advisors acquired a new position in BlackRock Science and Technology Trust in the 1st quarter valued at about $38,000. Trust Co. of Vermont acquired a new stake in BlackRock Science and Technology Trust during the 2nd quarter worth approximately $76,000. Fifth Third Bancorp acquired a new stake in BlackRock Science and Technology Trust during the 1st quarter worth approximately $78,000. Integrated Wealth Concepts LLC purchased a new position in shares of BlackRock Science and Technology Trust in the 2nd quarter valued at approximately $167,000. Finally, Noble Wealth Management PBC purchased a new position in shares of BlackRock Science and Technology Trust in the 2nd quarter valued at approximately $345,000.

BlackRock Science and Technology Trust Stock Up 1.4%

Shares of NYSE BST traded up $0.65 during trading hours on Thursday, reaching $48.00. The stock had a trading volume of 104,485 shares, compared to its average volume of 99,695. The firm has a 50-day moving average of $48.39 and a 200-day moving average of $45.11. BlackRock Science and Technology Trust has a fifty-two week low of $34.87 and a fifty-two week high of $51.30.

BlackRock Science and Technology Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be issued a $0.25 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, December 11th.

About BlackRock Science and Technology Trust

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.