BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) Short Interest Update

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 172,574 shares, a decrease of 44.4% from the June 15th total of 310,600 shares. Based on an average daily trading volume, of 723,936 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the company’s shares are sold short.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Stock Down 1.0%

BTX traded down $0.09 during trading hours on Friday, reaching $8.04. 949,925 shares of the company’s stock traded hands, compared to its average volume of 799,354. The firm has a 50-day moving average price of $8.82 and a 200 day moving average price of $7.53. The firm has a market capitalization of $472.67 million, a PE ratio of -3.54 and a beta of 4.61. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a 52-week low of $6.13 and a 52-week high of $9.44.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.0525 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Tuesday, September 15th. BlackRock Tchnlgy nd Prvt Eqty Trm Trst’s payout ratio is currently -25.11%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BTX. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 2nd quarter valued at about $186,000. Chapin Davis Inc. increased its position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 4.1% during the second quarter. Chapin Davis Inc. now owns 77,576 shares of the company’s stock worth $701,000 after acquiring an additional 3,028 shares during the period. CoreCap Advisors LLC purchased a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the second quarter worth approximately $87,000. Bank of America Corp DE raised its stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 7.4% during the first quarter. Bank of America Corp DE now owns 447,999 shares of the company’s stock valued at $2,957,000 after acquiring an additional 30,745 shares in the last quarter. Finally, Rivernorth Capital Management LLC bought a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the first quarter valued at approximately $16,962,000. Hedge funds and other institutional investors own 26.00% of the company’s stock.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE: BTX) is a closed-end, term investment trust listed on the New York Stock Exchange. The vehicle is structured to provide investors with exposure to technology-focused companies and private equity investments through a managed portfolio of equity securities and related instruments. As a term trust, BTX operates with a defined life and an eventual liquidation or conversion mechanism determined by the fund’s governing documents and shareholder votes.

The trust’s stated investment focus centers on companies operating in the technology sector and on private equity interests that complement its public market holdings.