BlackRock Energy and Resources Trust (NYSE:BGR) Stock Short Interest Report for October

BlackRock Energy and Resources Trust (NYSE:BGR) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 31,555 shares, a drop of 51.4% from the September 30th total of 64,986 shares. Based on an average daily trading volume, of 98,368 shares, the short-interest ratio is presently 0.3 days.

BlackRock Energy and Resources Trust Stock Performance

BGR stock traded up $0.34 during midday trading on Friday, hitting $18.93. 127,168 shares of the company’s stock were exchanged, compared to its average volume of 126,175. BlackRock Energy and Resources Trust has a one year low of $13.23 and a one year high of $19.09. The stock’s fifty day moving average price is $17.60 and its 200-day moving average price is $16.30.

BlackRock Energy and Resources Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be issued a dividend of $0.0973 per share. This represents a $1.17 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Friday, December 11th.

Hedge Funds Weigh In On BlackRock Energy and Resources Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC bought a new stake in BlackRock Energy and Resources Trust in the 2nd quarter valued at approximately $57,000. Rockefeller Capital Management L.P. boosted its position in BlackRock Energy and Resources Trust by 286.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,278 shares of the company’s stock worth $71,000 after acquiring an additional 3,911 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of BlackRock Energy and Resources Trust by 14.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,811 shares of the company’s stock worth $101,000 after acquiring an additional 720 shares in the last quarter. Parallel Advisors LLC bought a new position in shares of BlackRock Energy and Resources Trust during the 1st quarter worth approximately $101,000. Finally, Readystate Asset Management LP acquired a new stake in shares of BlackRock Energy and Resources Trust in the second quarter valued at approximately $164,000.

BlackRock Energy and Resources Trust Company Profile

BlackRock Energy and Resources Trust (NYSE: BGR) is a closed-end investment company that provides investors with exposure to the global energy and natural resources sectors. The trust invests primarily in the equity securities of companies involved in the exploration, production, processing, transportation and distribution of energy and natural resources.

Its portfolio may include companies operating across areas such as oil and gas, integrated energy, coal, metals, mining, and other resource-related industries.