Blackrock Innovation & Growth Trust (NYSE:BIGZ) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totalling 13,200 shares, a decrease of 62.5% from the August 15th total of 35,200 shares. Based on an average daily trading volume, of 313,500 shares, the days-to-cover ratio is presently 0.0 days.
In other Blackrock Innovation & Growth Trust news, Portfolio Manager Philip Henry Ruvinsky purchased 5,000 shares of the stock in a transaction that occurred on Monday, June 21st. The stock was purchased at an average price of $20.45 per share, with a total value of $102,250.00. Following the acquisition, the portfolio manager now owns 15,600 shares in the company, valued at $319,020. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought a total of 13,100 shares of company stock worth $260,189 over the last 90 days.
Several institutional investors have recently added to or reduced their stakes in BIGZ. Ten Capital Wealth Advisors LLC bought a new position in Blackrock Innovation & Growth Trust during the 2nd quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Blackrock Innovation & Growth Trust during the second quarter valued at approximately $30,000. Harbor Investment Advisory LLC bought a new position in shares of Blackrock Innovation & Growth Trust during the second quarter valued at approximately $36,000. Citadel Advisors LLC purchased a new stake in shares of Blackrock Innovation & Growth Trust in the second quarter worth approximately $203,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Blackrock Innovation & Growth Trust during the 2nd quarter worth approximately $220,000.
The company also recently announced a monthly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Wednesday, September 15th will be paid a $0.10 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.36%. The ex-dividend date is Tuesday, September 14th.
About Blackrock Innovation & Growth Trust
BlackRock Innovation and Growth Trust is a newly organized, non-diversified, closed-end management investment company with no operating history. The Trust’s investment objectives are to provide total return and income through a combination of current income, current gains and long-term capital appreciation.§ The Trust will invest primarily in equity securities issued by mid- and small-capitalization companies that BlackRock Advisors, LLC (the “Advisor”) believes have above-average earnings growth potential.
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