BlackRock Science and Technology Trust (NYSE:BST) Short Interest Up 77.0% in May

BlackRock Science and Technology Trust (NYSE:BST) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 23,049 shares, a growth of 77.0% from the May 14th total of 13,024 shares. Based on an average daily volume of 148,867 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BST. Royal Bank of Canada boosted its holdings in shares of BlackRock Science and Technology Trust by 0.5% in the first quarter. Royal Bank of Canada now owns 296,826 shares of the company’s stock valued at $9,791,000 after purchasing an additional 1,477 shares during the period. Goldman Sachs Group Inc. increased its position in shares of BlackRock Science and Technology Trust by 10.8% during the first quarter. Goldman Sachs Group Inc. now owns 6,147 shares of the company’s stock worth $203,000 after purchasing an additional 600 shares in the last quarter. Jane Street Group LLC increased its position in shares of BlackRock Science and Technology Trust by 183.8% during the first quarter. Jane Street Group LLC now owns 20,917 shares of the company’s stock worth $690,000 after purchasing an additional 13,547 shares in the last quarter. Focus Partners Wealth acquired a new position in shares of BlackRock Science and Technology Trust during the first quarter worth $211,000. Finally, JPMorgan Chase & Co. increased its position in shares of BlackRock Science and Technology Trust by 36.6% during the second quarter. JPMorgan Chase & Co. now owns 3,859 shares of the company’s stock worth $147,000 after purchasing an additional 1,033 shares in the last quarter.

BlackRock Science and Technology Trust Trading Up 2.0%

BST traded up $0.94 on Monday, hitting $48.72. The company had a trading volume of 82,434 shares, compared to its average volume of 104,053. BlackRock Science and Technology Trust has a 12-month low of $34.87 and a 12-month high of $50.56. The business’s fifty day simple moving average is $43.86 and its 200 day simple moving average is $41.26.

BlackRock Science and Technology Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.25 per share. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Tuesday, September 15th.

BlackRock Science and Technology Trust Company Profile

BlackRock Science and Technology Trust (NYSE: BST) is a closed-end management investment company that concentrates its investments in the equity securities of companies engaged in science and technology industries. Established in December 2018, the trust seeks to provide shareholders with total return through a combination of capital appreciation and current income. BST primarily targets firms involved in information technology, biotechnology, clean energy, advanced manufacturing, and other technology-driven sectors.

The trust’s investment strategy is rooted in fundamental, bottom-up analysis carried out by a dedicated team of research professionals at BlackRock.