BlackRock Science and Technology Trust (NYSE:BST) Short Interest Update

BlackRock Science and Technology Trust (NYSE:BST) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 95,350 shares, an increase of 85.4% from the August 15th total of 51,424 shares. Based on an average trading volume of 77,914 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On BlackRock Science and Technology Trust

Several hedge funds have recently modified their holdings of the company. 1607 Capital Partners LLC grew its holdings in shares of BlackRock Science and Technology Trust by 25.0% during the second quarter. 1607 Capital Partners LLC now owns 468,610 shares of the company’s stock worth $23,763,000 after buying an additional 93,790 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of BlackRock Science and Technology Trust by 23.3% during the first quarter. Bank of America Corp DE now owns 280,055 shares of the company’s stock valued at $10,180,000 after buying an additional 52,846 shares during the period. Alchemi Wealth LLC purchased a new position in shares of BlackRock Science and Technology Trust during the fourth quarter valued at approximately $4,693,000. Northwestern Mutual Wealth Management Co. boosted its position in BlackRock Science and Technology Trust by 1,050.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 93,506 shares of the company’s stock worth $3,791,000 after acquiring an additional 85,381 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in BlackRock Science and Technology Trust by 5.6% during the first quarter. First Trust Advisors LP now owns 84,108 shares of the company’s stock worth $3,057,000 after acquiring an additional 4,478 shares during the last quarter.

BlackRock Science and Technology Trust Stock Performance

Shares of NYSE:BST opened at $47.41 on Wednesday. BlackRock Science and Technology Trust has a 52-week low of $34.87 and a 52-week high of $51.30. The stock’s fifty day simple moving average is $48.40 and its 200-day simple moving average is $45.06.

BlackRock Science and Technology Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a c) annualized dividend and a yield of 6.3%.

About BlackRock Science and Technology Trust

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.