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

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 122,335 shares, a decrease of 49.7% from the August 31st total of 243,150 shares. Based on an average daily trading volume, of 410,803 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Trading of BlackRock Tchnlgy nd Prvt Eqty Trm Trst

Several hedge funds have recently made changes to their positions in BTX. NewEdge Advisors LLC raised its holdings in BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 114.4% during the second quarter. NewEdge Advisors LLC now owns 414,875 shares of the company’s stock worth $3,746,000 after purchasing an additional 221,371 shares in the last quarter. HB Wealth Management LLC purchased a new stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst in the 2nd quarter valued at approximately $133,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the 2nd quarter worth approximately $186,000. Chapin Davis Inc. increased its position in BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 4.1% during the 2nd quarter. Chapin Davis Inc. now owns 77,576 shares of the company’s stock worth $701,000 after purchasing an additional 3,028 shares during the period. Finally, CoreCap Advisors LLC purchased a new position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst during the 2nd quarter worth approximately $87,000. Institutional investors and hedge funds own 26.00% of the company’s stock.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Stock Up 0.4%

BTX stock traded up $0.04 during trading on Wednesday, hitting $8.98. The company had a trading volume of 611,250 shares, compared to its average volume of 710,145. The firm has a market cap of $528.55 million, a PE ratio of -3.96 and a beta of 4.61. The firm has a 50-day moving average price of $8.73 and a 200-day moving average price of $8.31. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a 1-year low of $6.13 and a 1-year high of $9.44.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be paid a $0.0525 dividend. This represents a $0.63 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Friday, December 11th. BlackRock Tchnlgy nd Prvt Eqty Trm Trst’s payout ratio is currently -25.11%.

BlackRock Technology & Private Equity Term Trust (NYSE: BTX) is a closed-end investment company managed by BlackRock Advisors, LLC. The trust seeks to provide total return by investing primarily in technology-related companies and private equity opportunities.

Its portfolio may include publicly traded equities, privately held companies, and investments associated with the technology, media, telecommunications, and other innovation-focused sectors. Through its private equity strategy, the trust is designed to provide investors with access to companies and opportunities that may not be available through traditional publicly traded equity funds.

As a term trust, BTX is structured with a specified termination framework rather than operating as a perpetual closed-end fund.