BlackRock Science and Technology Trust (NYSE:BST) Short Interest Down 52.7% in June

BlackRock Science and Technology Trust (NYSE:BST) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 10,904 shares, a decline of 52.7% from the May 31st total of 23,049 shares. Based on an average trading volume of 135,598 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On BlackRock Science and Technology Trust

Several hedge funds have recently made changes to their positions in BST. Ascentis Independent Advisors acquired a new position in BlackRock Science and Technology Trust in the 1st quarter valued at about $38,000. Fifth Third Bancorp acquired a new stake in BlackRock Science and Technology Trust during the 1st quarter worth approximately $78,000. Advisory Services Network LLC acquired a new stake in BlackRock Science and Technology Trust during the 3rd quarter worth approximately $121,000. JPMorgan Chase & Co. grew its stake in shares of BlackRock Science and Technology Trust by 36.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,859 shares of the company’s stock valued at $147,000 after purchasing an additional 1,033 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of BlackRock Science and Technology Trust by 9.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,254 shares of the company’s stock valued at $171,000 after purchasing an additional 380 shares during the last quarter.

BlackRock Science and Technology Trust Stock Up 4.2%

BST stock traded up $2.06 on Tuesday, hitting $51.12. The company’s stock had a trading volume of 265,256 shares, compared to its average volume of 105,200. The firm has a 50 day moving average of $45.94 and a two-hundred day moving average of $41.86. BlackRock Science and Technology Trust has a 1 year low of $34.87 and a 1 year high of $51.30.

BlackRock Science and Technology Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 5.9%.

BlackRock Science and Technology Trust Company Profile

BlackRock Science and Technology Trust (NYSE: BST) is a closed-end management investment company that concentrates its investments in the equity securities of companies engaged in science and technology industries. Established in December 2018, the trust seeks to provide shareholders with total return through a combination of capital appreciation and current income. BST primarily targets firms involved in information technology, biotechnology, clean energy, advanced manufacturing, and other technology-driven sectors.

The trust’s investment strategy is rooted in fundamental, bottom-up analysis carried out by a dedicated team of research professionals at BlackRock.