BlackRock Energy and Resources Trust (NYSE:BGR) Shares Shorted: Short Interest Up 644.6% in September

BlackRock Energy and Resources Trust (NYSE:BGR) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 8,809 shares, a growth of 644.6% from the August 31st total of 1,183 shares. Based on an average daily volume of 101,838 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of BlackRock Energy and Resources Trust

Several institutional investors have recently added to or reduced their stakes in the stock. Beacon Pointe Advisors LLC purchased a new position in BlackRock Energy and Resources Trust during the 2nd quarter valued at about $566,000. Absolute Investment Advisers LLC purchased a new position in shares of BlackRock Energy and Resources Trust in the first quarter valued at approximately $3,955,000. Nations Financial Group Inc. IA ADV boosted its stake in shares of BlackRock Energy and Resources Trust by 3.6% in the first quarter. Nations Financial Group Inc. IA ADV now owns 27,928 shares of the company’s stock valued at $483,000 after purchasing an additional 961 shares during the period. SHP Wealth Management acquired a new position in shares of BlackRock Energy and Resources Trust in the fourth quarter valued at approximately $31,000. Finally, NWF Advisory Services Inc. increased its stake in BlackRock Energy and Resources Trust by 21.4% during the 4th quarter. NWF Advisory Services Inc. now owns 13,303 shares of the company’s stock worth $180,000 after buying an additional 2,344 shares during the period.

BlackRock Energy and Resources Trust Stock Down 1.3%

Shares of NYSE:BGR traded down $0.22 during midday trading on Friday, reaching $17.02. 81,460 shares of the company’s stock were exchanged, compared to its average volume of 129,687. BlackRock Energy and Resources Trust has a fifty-two week low of $12.92 and a fifty-two week high of $17.92. The firm’s 50 day simple moving average is $16.91 and its two-hundred day simple moving average is $16.31.

BlackRock Energy and Resources Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be paid a $0.0973 dividend. This represents a $1.17 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Friday, December 11th.

About BlackRock Energy and Resources Trust

BlackRock Energy and Resources Trust (NYSE:BGR) is a closed-end investment company managed by BlackRock Advisors, LLC. The trust seeks to provide total return through a combination of current income and capital appreciation by investing primarily in equity securities of companies involved in the energy and natural resources sectors.

Its portfolio may include businesses engaged in the exploration, production, processing, transportation and distribution of energy commodities, as well as companies involved in metals, mining and other natural-resource activities.