BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) Sees Large Decrease in Short Interest

BlackRock Science and Technology Term Trust (NASDAQ:BSTZ) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 71,200 shares, a decrease of 40.4% from the August 31st total of 119,400 shares. Based on an average trading volume of 245,500 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 245,500 shares, the short-interest ratio is currently 0.3 days.

BlackRock Science and Technology Term Trust Price Performance

BSTZ opened at $22.75 on Monday. The stock’s 50-day moving average price is $21.83 and its 200 day moving average price is $19.98. BlackRock Science and Technology Term Trust has a 12-month low of $15.22 and a 12-month high of $22.87.

BlackRock Science and Technology Term Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be given a $0.1625 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 8.6%.

Institutional Investors Weigh In On BlackRock Science and Technology Term Trust

Hedge funds have recently bought and sold shares of the stock. Armstrong Advisory Group Inc. raised its position in BlackRock Science and Technology Term Trust by 163.5% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 1,465 shares of the company’s stock valued at $30,000 after purchasing an additional 909 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in BlackRock Science and Technology Term Trust in the 1st quarter valued at about $40,000. Allworth Financial LP raised its position in BlackRock Science and Technology Term Trust by 11,764.7% in the 2nd quarter. Allworth Financial LP now owns 2,017 shares of the company’s stock valued at $42,000 after purchasing an additional 2,000 shares in the last quarter. AdvisorNet Financial Inc raised its position in BlackRock Science and Technology Term Trust by 89.9% in the 2nd quarter. AdvisorNet Financial Inc now owns 2,527 shares of the company’s stock valued at $52,000 after purchasing an additional 1,196 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in BlackRock Science and Technology Term Trust in the 1st quarter valued at about $111,000.

About BlackRock Science and Technology Term Trust

BlackRock Science and Technology Term Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the science and technology sectors.