BlackRock Energy and Resources Trust (NYSE:BGR) Short Interest Up 1,458.0% in August

BlackRock Energy and Resources Trust (NYSE:BGR) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 20,534 shares, an increase of 1,458.0% from the July 30th total of 1,318 shares. Based on an average daily volume of 79,182 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of BlackRock Energy and Resources Trust

Several institutional investors and hedge funds have recently bought and sold shares of BGR. Royal Bank of Canada increased its holdings in shares of BlackRock Energy and Resources Trust by 2.0% in the 1st quarter. Royal Bank of Canada now owns 157,022 shares of the company’s stock valued at $2,132,000 after acquiring an additional 3,137 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of BlackRock Energy and Resources Trust by 18.7% during the third quarter. Private Advisor Group LLC now owns 41,603 shares of the company’s stock worth $565,000 after purchasing an additional 6,543 shares during the period. Brown Brothers Harriman & Co. lifted its position in shares of BlackRock Energy and Resources Trust by 29.8% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 45,927 shares of the company’s stock worth $623,000 after buying an additional 10,537 shares during the last quarter. Moors & Cabot Inc. raised its stake in BlackRock Energy and Resources Trust by 1.2% during the third quarter. Moors & Cabot Inc. now owns 65,988 shares of the company’s stock worth $895,000 after acquiring an additional 805 shares during the period. Finally, Triumph Capital Management bought a new position in shares of BlackRock Energy and Resources Trust during the third quarter valued at approximately $33,000.

BlackRock Energy and Resources Trust Trading Down 1.2%

BlackRock Energy and Resources Trust stock opened at $17.05 on Wednesday. BlackRock Energy and Resources Trust has a 52 week low of $12.92 and a 52 week high of $17.70. The stock has a 50 day moving average of $15.93 and a 200-day moving average of $15.99.

BlackRock Energy and Resources Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.0973 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Tuesday, September 15th.

BlackRock Energy and Resources Trust Company Profile

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.