Short Interest in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Declines By 15.2%

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 129,700 shares, a drop of 15.2% from the March 15th total of 153,000 shares. Based on an average daily trading volume, of 306,000 shares, the short-interest ratio is currently 0.4 days.

Blackrock Resources & Commodities Strategy Trust Stock Up 1.6 %

NYSE BCX opened at $8.74 on Wednesday. Blackrock Resources & Commodities Strategy Trust has a 1-year low of $7.84 and a 1-year high of $9.74. The firm’s fifty day simple moving average is $8.95 and its 200-day simple moving average is $9.09.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be given a $0.0697 dividend. This represents a $0.84 annualized dividend and a yield of 9.57%. The ex-dividend date is Tuesday, April 15th.

Institutional Investors Weigh In On Blackrock Resources & Commodities Strategy Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in BCX. Curio Wealth LLC bought a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the 4th quarter valued at approximately $28,000. Wilmington Savings Fund Society FSB acquired a new stake in Blackrock Resources & Commodities Strategy Trust in the third quarter valued at approximately $35,000. NBC Securities Inc. grew its position in Blackrock Resources & Commodities Strategy Trust by 116,200.0% in the first quarter. NBC Securities Inc. now owns 4,652 shares of the investment management company’s stock worth $43,000 after acquiring an additional 4,648 shares in the last quarter. Elequin Capital LP acquired a new position in shares of Blackrock Resources & Commodities Strategy Trust during the 4th quarter worth $58,000. Finally, CreativeOne Wealth LLC bought a new position in shares of Blackrock Resources & Commodities Strategy Trust during the 4th quarter valued at $96,000.

About Blackrock Resources & Commodities Strategy Trust

Blackrock Resources & Commodities Strategy Trust is a closed-ended equity mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the commodities or natural resources sectors.