BlackRock Energy and Resources Trust (NYSE:BGR – Get Free Report) saw a significant growth in short interest in July. As of July 15th, there was short interest totalling 37,100 shares, a growth of 105.0% from the June 30th total of 18,100 shares. Based on an average trading volume of 71,300 shares, the short-interest ratio is presently 0.5 days.
BlackRock Energy and Resources Trust Price Performance
Shares of BlackRock Energy and Resources Trust stock traded down $0.04 during trading hours on Friday, hitting $13.09. The company’s stock had a trading volume of 67,614 shares, compared to its average volume of 74,918. BlackRock Energy and Resources Trust has a 1-year low of $11.86 and a 1-year high of $13.68. The business has a fifty day moving average of $13.07 and a 200 day moving average of $12.87.
BlackRock Energy and Resources Trust Cuts Dividend
The company also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be issued a dividend of $0.0657 per share. This represents a $0.79 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date of this dividend is Monday, July 15th.
Institutional Investors Weigh In On BlackRock Energy and Resources Trust
About BlackRock Energy and Resources Trust
BlackRock Energy and Resources Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe, with an emphasis on the United States. The fund seeks to invest in stocks of companies operating in the energy and natural resources sectors.
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