BlackRock Energy and Resources Trust (NYSE:BGR) Short Interest Update

BlackRock Energy and Resources Trust (NYSE:BGR) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 1,183 shares, a drop of 94.2% from the August 15th total of 20,534 shares. Based on an average trading volume of 101,199 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On BlackRock Energy and Resources Trust

Several large investors have recently bought and sold shares of BGR. SHP Wealth Management purchased a new position in shares of BlackRock Energy and Resources Trust in the 4th quarter valued at about $31,000. Triumph Capital Management acquired a new position in BlackRock Energy and Resources Trust in the third quarter valued at approximately $33,000. Integrated Wealth Concepts LLC purchased a new position in BlackRock Energy and Resources Trust in the second quarter valued at approximately $57,000. Rockefeller Capital Management L.P. increased its stake in BlackRock Energy and Resources Trust by 286.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 5,278 shares of the company’s stock valued at $71,000 after purchasing an additional 3,911 shares during the last quarter. Finally, Parallel Advisors LLC acquired a new stake in BlackRock Energy and Resources Trust during the first quarter worth approximately $101,000.

BlackRock Energy and Resources Trust Trading Up 0.0%

NYSE BGR traded up $0.01 on Friday, hitting $17.61. 51,374 shares of the stock were exchanged, compared to its average volume of 132,427. BlackRock Energy and Resources Trust has a fifty-two week low of $12.92 and a fifty-two week high of $17.80. The company has a 50-day moving average price of $16.53 and a 200-day moving average price of $16.18.

BlackRock Energy and Resources Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be given a dividend of $0.0973 per share. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, December 11th.

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.