BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) Sees Significant Decline in Short Interest

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 172,574 shares, a drop of 44.4% from the June 15th total of 310,600 shares. Based on an average daily volume of 723,936 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the company’s stock are short sold.

Hedge Funds Weigh In On BlackRock Tchnlgy nd Prvt Eqty Trm Trst

Several hedge funds have recently made changes to their positions in BTX. WPG Advisers LLC increased its position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 122.8% during the fourth quarter. WPG Advisers LLC now owns 4,546 shares of the company’s stock worth $30,000 after purchasing an additional 2,506 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 4th quarter valued at about $38,000. Newbridge Financial Services Group Inc. purchased a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the 3rd quarter worth approximately $43,000. Comerica Bank purchased a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the 3rd quarter worth approximately $47,000. Finally, Fifth Third Bancorp acquired a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the first quarter worth approximately $57,000. Hedge funds and other institutional investors own 26.00% of the company’s stock.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Trading Down 1.4%

Shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst stock opened at $8.01 on Friday. The company has a fifty day simple moving average of $8.81 and a 200-day simple moving average of $7.53. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a 12-month low of $6.13 and a 12-month high of $9.44. The stock has a market cap of $470.90 million, a price-to-earnings ratio of -3.53 and a beta of 4.61.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.0525 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 7.9%. BlackRock Tchnlgy nd Prvt Eqty Trm Trst’s payout ratio is -25.11%.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE: BTX) is a closed-end, term investment trust listed on the New York Stock Exchange. The vehicle is structured to provide investors with exposure to technology-focused companies and private equity investments through a managed portfolio of equity securities and related instruments. As a term trust, BTX operates with a defined life and an eventual liquidation or conversion mechanism determined by the fund’s governing documents and shareholder votes.

The trust’s stated investment focus centers on companies operating in the technology sector and on private equity interests that complement its public market holdings.