BlackRock Energy and Resources Trust (NYSE:BGR) Sees Large Increase in Short Interest

BlackRock Energy and Resources Trust (NYSE:BGR) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 18,500 shares, an increase of 12.1% from the September 15th total of 16,500 shares. Based on an average daily volume of 97,200 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of BlackRock Energy and Resources Trust

Institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its position in shares of BlackRock Energy and Resources Trust by 15.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,842,055 shares of the company’s stock worth $24,352,000 after purchasing an additional 242,603 shares in the last quarter. City of London Investment Management Co. Ltd. grew its stake in shares of BlackRock Energy and Resources Trust by 19.9% during the second quarter. City of London Investment Management Co. Ltd. now owns 1,581,597 shares of the company’s stock worth $20,909,000 after acquiring an additional 262,451 shares during the last quarter. Raymond James & Associates increased its holdings in shares of BlackRock Energy and Resources Trust by 43.8% during the second quarter. Raymond James & Associates now owns 197,536 shares of the company’s stock valued at $2,611,000 after acquiring an additional 60,177 shares in the last quarter. Truist Financial Corp raised its position in shares of BlackRock Energy and Resources Trust by 0.7% in the 2nd quarter. Truist Financial Corp now owns 162,487 shares of the company’s stock valued at $2,148,000 after purchasing an additional 1,175 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of BlackRock Energy and Resources Trust by 1.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 50,466 shares of the company’s stock valued at $669,000 after purchasing an additional 861 shares during the last quarter.

BlackRock Energy and Resources Trust Stock Performance

BGR stock traded up $0.02 during trading on Thursday, hitting $12.85. 42,085 shares of the company’s stock traded hands, compared to its average volume of 81,348. BlackRock Energy and Resources Trust has a 1 year low of $11.86 and a 1 year high of $13.68. The business has a fifty day simple moving average of $12.93 and a two-hundred day simple moving average of $13.07.

BlackRock Energy and Resources Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.0754 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.04%. The ex-dividend date is Tuesday, October 15th.

About BlackRock Energy and Resources Trust

BlackRock Energy and Resources Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe, with an emphasis on the United States. The fund seeks to invest in stocks of companies operating in the energy and natural resources sectors.