BlackRock Science and Technology Trust (NYSE:BST) Sees Significant Growth in Short Interest

BlackRock Science and Technology Trust (NYSE:BST) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 13,024 shares, an increase of 466.3% from the April 30th total of 2,300 shares. Based on an average trading volume of 119,377 shares, the days-to-cover ratio is currently 0.1 days.

BlackRock Science and Technology Trust Trading Up 1.7%

Shares of BlackRock Science and Technology Trust stock traded up $0.81 on Thursday, hitting $48.95. 88,347 shares of the company traded hands, compared to its average volume of 100,174. The company has a 50-day moving average price of $41.30 and a 200 day moving average price of $40.60. BlackRock Science and Technology Trust has a 12-month low of $34.87 and a 12-month high of $49.19.

BlackRock Science and Technology Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 6.1%.

Institutional Investors Weigh In On BlackRock Science and Technology Trust

Several large investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in BlackRock Science and Technology Trust by 23.3% in the first quarter. Bank of America Corp DE now owns 280,055 shares of the company’s stock worth $10,180,000 after purchasing an additional 52,846 shares in the last quarter. Arkadios Wealth Advisors boosted its holdings in BlackRock Science and Technology Trust by 20.8% in the first quarter. Arkadios Wealth Advisors now owns 9,400 shares of the company’s stock worth $342,000 after purchasing an additional 1,621 shares in the last quarter. Cetera Investment Advisers boosted its holdings in BlackRock Science and Technology Trust by 2.3% in the first quarter. Cetera Investment Advisers now owns 57,865 shares of the company’s stock worth $2,103,000 after purchasing an additional 1,317 shares in the last quarter. Wealthspire Retirement LLC boosted its position in BlackRock Science and Technology Trust by 6.8% during the first quarter. Wealthspire Retirement LLC now owns 65,030 shares of the company’s stock worth $2,364,000 after purchasing an additional 4,156 shares during the period. Finally, First Trust Advisors LP boosted its holdings 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 valued at $3,057,000 after acquiring an additional 4,478 shares during the period.

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.