BlackRock Energy and Resources Trust (NYSE:BGR) Short Interest Update

BlackRock Energy and Resources Trust (NYSE:BGR) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 800 shares, a decline of 95.7% from the September 30th total of 18,500 shares. Based on an average daily trading volume, of 97,400 shares, the days-to-cover ratio is currently 0.0 days.

BlackRock Energy and Resources Trust Price Performance

BGR traded up $0.09 during midday trading on Friday, reaching $13.10. 67,401 shares of the company were exchanged, compared to its average volume of 81,854. The stock’s 50-day simple moving average is $12.93 and its 200 day simple moving average is $13.05. BlackRock Energy and Resources Trust has a one year low of $11.86 and a one year high of $13.68.

BlackRock Energy and Resources Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.0754 per share. This represents a $0.90 annualized dividend and a dividend yield of 6.91%. The ex-dividend date is Tuesday, October 15th.

Institutional Investors Weigh In On BlackRock Energy and Resources Trust

Several institutional investors have recently added to or reduced their stakes in the stock. NBC Securities Inc. boosted its position in BlackRock Energy and Resources Trust by 19.6% during the third quarter. NBC Securities Inc. now owns 9,164 shares of the company’s stock valued at $118,000 after purchasing an additional 1,500 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of BlackRock Energy and Resources Trust during the 1st quarter worth approximately $161,000. Creative Planning acquired a new position in shares of BlackRock Energy and Resources Trust during the 2nd quarter worth approximately $416,000. All Season Financial Advisors Inc. raised its stake in BlackRock Energy and Resources Trust by 38.5% in the 2nd quarter. All Season Financial Advisors Inc. now owns 43,452 shares of the company’s stock valued at $574,000 after acquiring an additional 12,080 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in BlackRock Energy and Resources Trust by 1.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 50,466 shares of the company’s stock valued at $669,000 after purchasing an additional 861 shares during the last quarter.

BlackRock Energy and Resources Trust Company Profile

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.