Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Sees Significant Growth in Short Interest

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 35,400 shares, an increase of 192.6% from the August 31st total of 12,100 shares. Based on an average daily trading volume, of 196,700 shares, the short-interest ratio is presently 0.2 days.

Blackrock Resources & Commodities Strategy Trust Stock Performance

NYSE BCX traded up $0.12 on Friday, reaching $9.57. The company had a trading volume of 241,463 shares, compared to its average volume of 261,973. Blackrock Resources & Commodities Strategy Trust has a 12 month low of $8.25 and a 12 month high of $9.58. The firm’s 50 day moving average price is $9.15 and its 200 day moving average price is $9.18.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a $0.0518 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.62 annualized dividend and a dividend yield of 6.50%.

Hedge Funds Weigh In On Blackrock Resources & Commodities Strategy Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hartline Investment Corp bought a new position in Blackrock Resources & Commodities Strategy Trust during the first quarter valued at $94,000. Cetera Advisors LLC bought a new position in shares of Blackrock Resources & Commodities Strategy Trust in the 1st quarter valued at about $100,000. Abel Hall LLC purchased a new position in Blackrock Resources & Commodities Strategy Trust in the fourth quarter worth about $107,000. Creekside Partners bought a new stake in Blackrock Resources & Commodities Strategy Trust during the second quarter worth approximately $119,000. Finally, Choreo LLC bought a new stake in Blackrock Resources & Commodities Strategy Trust during the second quarter worth approximately $123,000.

About Blackrock Resources & Commodities Strategy Trust

Blackrock Resources & Commodities Strategy Trust is a closed-ended equity mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the commodities or natural resources sectors.