BlackRock Energy and Resources Trust (NYSE:BGR) Short Interest Up 105.0% in July

BlackRock Energy and Resources Trust (NYSE:BGR) 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

A number of large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in BlackRock Energy and Resources Trust by 15.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,842,055 shares of the company’s stock valued at $24,352,000 after purchasing an additional 242,603 shares in the last quarter. City of London Investment Management Co. Ltd. grew its holdings in BlackRock Energy and Resources Trust by 4.9% during the 1st quarter. City of London Investment Management Co. Ltd. now owns 1,319,146 shares of the company’s stock worth $17,479,000 after acquiring an additional 61,795 shares in the last quarter. Raymond James & Associates grew its holdings in BlackRock Energy and Resources Trust by 43.8% during the 2nd quarter. Raymond James & Associates now owns 197,536 shares of the company’s stock worth $2,611,000 after acquiring an additional 60,177 shares in the last quarter. Twin Focus Capital Partners LLC acquired a new position in BlackRock Energy and Resources Trust during the 4th quarter worth $1,855,000. Finally, Truist Financial Corp lifted its position in shares of BlackRock Energy and Resources Trust by 3.2% in the 4th quarter. Truist Financial Corp now owns 137,379 shares of the company’s stock worth $1,710,000 after buying an additional 4,289 shares during the last quarter.

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.