Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Stock Short Interest Declines 74.7%

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 12,497 shares, a drop of 74.7% from the August 31st total of 49,316 shares. Based on an average daily volume of 162,415 shares, the short-interest ratio is presently 0.1 days.

Blackrock Resources & Commodities Strategy Trust Stock Performance

Blackrock Resources & Commodities Strategy Trust stock traded down $0.13 during mid-day trading on Friday, hitting $12.08. The company’s stock had a trading volume of 153,399 shares, compared to its average volume of 219,115. The business has a 50 day moving average price of $12.51 and a 200-day moving average price of $12.13. Blackrock Resources & Commodities Strategy Trust has a 12 month low of $9.68 and a 12 month high of $13.86.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be issued a $0.0697 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.84 annualized dividend and a dividend yield of 6.9%.

Institutional Investors Weigh In On Blackrock Resources & Commodities Strategy Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Transcend Capital Advisors LLC increased its stake in Blackrock Resources & Commodities Strategy Trust by 522.0% in the 2nd quarter. Transcend Capital Advisors LLC now owns 210,078 shares of the investment management company’s stock worth $2,376,000 after purchasing an additional 176,305 shares during the period. Kestra Advisory Services LLC boosted its stake in shares of Blackrock Resources & Commodities Strategy Trust by 1,149.5% during the first quarter. Kestra Advisory Services LLC now owns 143,666 shares of the investment management company’s stock valued at $1,731,000 after purchasing an additional 132,168 shares during the period. Basecamp Wealth Advisors LLC bought a new position in shares of Blackrock Resources & Commodities Strategy Trust in the first quarter worth approximately $1,046,000. 180 Wealth Advisors LLC grew its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 7.5% in the first quarter. 180 Wealth Advisors LLC now owns 1,080,074 shares of the investment management company’s stock worth $13,015,000 after purchasing an additional 74,976 shares during the last quarter. Finally, Cypress Capital Management LLC WY purchased a new position in shares of Blackrock Resources & Commodities Strategy Trust in the second quarter worth $456,000.

Blackrock Resources & Commodities Strategy Trust Company Profile

BlackRock Resources & Commodities Strategy Trust (NYSE: BCX) is a non-diversified, closed-end management investment company. The trust seeks to provide total return through a combination of current income and capital appreciation by investing primarily in securities of companies involved in natural resources and commodities.

Its portfolio may include equity and debt securities issued by companies engaged in energy, metals and mining, agriculture, chemicals, forestry, and other resource-related industries.