BlackRock Energy and Resources Trust (NYSE:BGR) Short Interest Up 93.3% in July

BlackRock Energy and Resources Trust (NYSE:BGR) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 36,744 shares, an increase of 93.3% from the June 30th total of 19,007 shares. Based on an average daily volume of 96,009 shares, the short-interest ratio is presently 0.4 days.

BlackRock Energy and Resources Trust Trading Up 0.9%

Shares of NYSE BGR traded up $0.15 during trading hours on Friday, hitting $16.52. The company had a trading volume of 81,331 shares, compared to its average volume of 140,106. BlackRock Energy and Resources Trust has a 1-year low of $12.92 and a 1-year high of $17.70. The firm’s 50 day moving average is $15.59 and its 200-day moving average is $15.74.

BlackRock Energy and Resources Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.0973 per share. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its stake in BlackRock Energy and Resources Trust by 14.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,811 shares of the company’s stock valued at $101,000 after purchasing an additional 720 shares during the period. Moors & Cabot Inc. grew its holdings in BlackRock Energy and Resources Trust by 1.2% in the 3rd quarter. Moors & Cabot Inc. now owns 65,988 shares of the company’s stock valued at $895,000 after buying an additional 805 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its position in BlackRock Energy and Resources Trust by 3.6% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 27,928 shares of the company’s stock worth $483,000 after buying an additional 961 shares during the period. Osaic Holdings Inc. increased its position in BlackRock Energy and Resources Trust by 2.2% during the 4th quarter. Osaic Holdings Inc. now owns 63,067 shares of the company’s stock worth $854,000 after buying an additional 1,339 shares during the period. Finally, Assetmark Inc. acquired a new stake in shares of BlackRock Energy and Resources Trust during the fourth quarter worth $27,000.

About BlackRock Energy and Resources Trust

BlackRock Energy and Resources Trust (NYSE: BGR) is a closed-end management investment company that seeks to provide a combination of current income and long-term capital appreciation. The trust focuses its investments primarily on equity and equity-related securities of companies engaged in the energy and natural resources sectors, including exploration, production, refining, distribution and related services.

The trust’s portfolio typically comprises common stocks, American Depositary Receipts (ADRs), master limited partnerships (MLPs) and other equity-linked instruments issued by firms operating in upstream and downstream energy markets, metals and mining, chemicals and related industries.