BlackRock Energy and Resources Trust (NYSE:BGR) Shares Shorted: Short Interest Down 51.4% in October

BlackRock Energy and Resources Trust (NYSE:BGR) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 31,555 shares, a decrease of 51.4% from the September 30th total of 64,986 shares. Based on an average daily trading volume, of 98,368 shares, the days-to-cover ratio is presently 0.3 days.

BlackRock Energy and Resources Trust Price Performance

Shares of NYSE:BGR traded up $0.34 during midday trading on Friday, hitting $18.93. The stock had a trading volume of 127,168 shares, compared to its average volume of 126,175. BlackRock Energy and Resources Trust has a 12 month low of $13.23 and a 12 month high of $19.09. The business’s 50-day simple moving average is $17.60 and its 200-day simple moving average is $16.30.

BlackRock Energy and Resources Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be given a $0.0973 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Trading of BlackRock Energy and Resources Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC acquired a new position in shares of BlackRock Energy and Resources Trust during the 2nd quarter worth approximately $57,000. Rockefeller Capital Management L.P. boosted its position in BlackRock Energy and Resources Trust by 286.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 5,278 shares of the company’s stock worth $71,000 after purchasing an additional 3,911 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of BlackRock Energy and Resources Trust by 14.1% in the first quarter. PNC Financial Services Group Inc. now owns 5,811 shares of the company’s stock valued at $101,000 after purchasing an additional 720 shares during the last quarter. Parallel Advisors LLC bought a new position in shares of BlackRock Energy and Resources Trust in the first quarter valued at about $101,000. Finally, Readystate Asset Management LP bought a new position in shares of BlackRock Energy and Resources Trust in the second quarter valued at about $164,000.

About BlackRock Energy and Resources Trust

BlackRock Energy and Resources Trust (NYSE: BGR) is a closed-end investment company that provides investors with exposure to the global energy and natural resources sectors. The trust invests primarily in the equity securities of companies involved in the exploration, production, processing, transportation and distribution of energy and natural resources.

Its portfolio may include companies operating across areas such as oil and gas, integrated energy, coal, metals, mining, and other resource-related industries.