BlackRock Science and Technology Trust (NYSE:BST) Short Interest Up 185.2% in January

BlackRock Science and Technology Trust (NYSE:BST) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 7,700 shares, a growth of 185.2% from the December 31st total of 2,700 shares. Based on an average daily trading volume, of 109,700 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On BlackRock Science and Technology Trust

Several large investors have recently modified their holdings of BST. Focus Financial Network Inc. lifted its position in BlackRock Science and Technology Trust by 10.4% in the fourth quarter. Focus Financial Network Inc. now owns 14,012 shares of the company’s stock valued at $512,000 after purchasing an additional 1,324 shares during the period. Apollon Wealth Management LLC acquired a new stake in shares of BlackRock Science and Technology Trust in the 4th quarter valued at approximately $508,000. Calamos Advisors LLC lifted its holdings in shares of BlackRock Science and Technology Trust by 57.3% in the 4th quarter. Calamos Advisors LLC now owns 10,116 shares of the company’s stock valued at $370,000 after buying an additional 3,683 shares during the period. Mutual Advisors LLC boosted its stake in shares of BlackRock Science and Technology Trust by 12.4% in the fourth quarter. Mutual Advisors LLC now owns 10,865 shares of the company’s stock valued at $402,000 after buying an additional 1,200 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in BlackRock Science and Technology Trust by 4.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 141,847 shares of the company’s stock worth $5,186,000 after acquiring an additional 6,358 shares during the period.

BlackRock Science and Technology Trust Price Performance

NYSE BST traded down $0.12 on Wednesday, reaching $37.23. The stock had a trading volume of 50,411 shares, compared to its average volume of 125,884. The business’s 50-day moving average price is $37.20 and its 200 day moving average price is $36.07. BlackRock Science and Technology Trust has a 12-month low of $31.38 and a 12-month high of $39.59.

BlackRock Science and Technology Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $0.25 dividend. This represents a $3.00 annualized dividend and a yield of 8.06%. The ex-dividend date of this dividend is Wednesday, January 15th.

About BlackRock Science and Technology Trust

BlackRock Science and Technology Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests directly and indirectly through derivative such as options in public equity markets of countries across the globe. The fund seeks to invest in stocks of companies operating across the science and technology sector.