BlackRock Energy and Resources Trust (NYSE:BGR) Short Interest Down 96.4% in July

BlackRock Energy and Resources Trust (NYSE:BGR) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 1,318 shares, a decrease of 96.4% from the July 15th total of 36,744 shares. Based on an average daily volume of 74,388 shares, the short-interest ratio is presently 0.0 days.

BlackRock Energy and Resources Trust Stock Performance

NYSE BGR traded up $0.15 on Tuesday, reaching $16.73. 88,372 shares of the stock traded hands, compared to its average volume of 137,785. BlackRock Energy and Resources Trust has a 12 month low of $12.92 and a 12 month high of $17.70. The firm’s fifty day simple moving average is $15.65 and its 200 day simple moving average is $15.84.

BlackRock Energy and Resources Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.0973 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 7.0%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Wealth Effects LLC bought a new stake in BlackRock Energy and Resources Trust in the second quarter worth about $222,000. Nations Financial Group Inc. IA ADV boosted its position in shares of BlackRock Energy and Resources Trust by 12.7% during the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 31,469 shares of the company’s stock valued at $466,000 after purchasing an additional 3,541 shares in the last quarter. Royal Bank of Canada boosted its position in shares of BlackRock Energy and Resources Trust by 15.4% during the 1st quarter. Royal Bank of Canada now owns 138,477 shares of the company’s stock valued at $2,397,000 after purchasing an additional 18,474 shares in the last quarter. Cypress Capital Group acquired a new position in shares of BlackRock Energy and Resources Trust in the 1st quarter worth approximately $208,000. Finally, Cetera Investment Advisers grew its stake in shares of BlackRock Energy and Resources Trust by 4.7% in the 1st quarter. Cetera Investment Advisers now owns 64,454 shares of the company’s stock worth $1,116,000 after purchasing an additional 2,864 shares during the last quarter.

BlackRock Energy and Resources Trust Company Profile

BlackRock Energy and Resources Trust (NYSE: BGR) is a closed-end management investment company that seeks to provide a combination of current income and long-term capital appreciation. The trust focuses its investments primarily on equity and equity-related securities of companies engaged in the energy and natural resources sectors, including exploration, production, refining, distribution and related services.

The trust’s portfolio typically comprises common stocks, American Depositary Receipts (ADRs), master limited partnerships (MLPs) and other equity-linked instruments issued by firms operating in upstream and downstream energy markets, metals and mining, chemicals and related industries.