BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) Sees Significant Decrease in Short Interest

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 122,335 shares, a decline of 49.7% from the August 31st total of 243,150 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 410,803 shares, the short-interest ratio is presently 0.3 days.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Trading Up 2.1%

Shares of BTX stock traded up $0.18 during trading hours on Thursday, hitting $9.16. The company’s stock had a trading volume of 613,773 shares, compared to its average volume of 709,130. The business has a fifty day moving average of $8.73 and a 200-day moving average of $8.31. The stock has a market cap of $539.14 million, a price-to-earnings ratio of -4.03 and a beta of 4.61. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a twelve month low of $6.13 and a twelve month 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 Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a dividend of $0.0525 per share. This represents a $0.63 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Friday, December 11th. BlackRock Tchnlgy nd Prvt Eqty Trm Trst’s dividend payout ratio is -25.11%.

Hedge Funds Weigh In On BlackRock Tchnlgy nd Prvt Eqty Trm Trst

A number of institutional investors have recently made changes to their positions in the stock. Rivernorth Capital Management LLC purchased a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the 1st quarter worth about $16,962,000. Absolute Investment Advisers LLC grew its holdings in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 144.4% during the first quarter. Absolute Investment Advisers LLC now owns 1,549,398 shares of the company’s stock worth $10,226,000 after buying an additional 915,474 shares in the last quarter. Quantedge Capital Pte Ltd raised its position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 33.8% in the first quarter. Quantedge Capital Pte Ltd now owns 1,187,179 shares of the company’s stock valued at $7,835,000 after buying an additional 300,100 shares during the last quarter. Saba Capital Management L.P. acquired a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the first quarter valued at approximately $5,044,000. Finally, NewEdge Advisors LLC lifted its stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 114.4% during the second quarter. NewEdge Advisors LLC now owns 414,875 shares of the company’s stock valued at $3,746,000 after buying an additional 221,371 shares during the period. 26.00% of the stock is owned by institutional investors and hedge funds.

BlackRock Technology & Private Equity Term Trust (NYSE: BTX) is a closed-end investment company managed by BlackRock Advisors, LLC. The trust seeks to provide total return by investing primarily in technology-related companies and private equity opportunities.

Its portfolio may include publicly traded equities, privately held companies, and investments associated with the technology, media, telecommunications, and other innovation-focused sectors. Through its private equity strategy, the trust is designed to provide investors with access to companies and opportunities that may not be available through traditional publicly traded equity funds.

As a term trust, BTX is structured with a specified termination framework rather than operating as a perpetual closed-end fund.