BlackRock Science and Technology Trust (NYSE:BST) Sees Significant Drop in Short Interest

BlackRock Science and Technology Trust (NYSE:BST) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 2,300 shares, a decrease of 61.8% from the April 15th total of 6,025 shares. Based on an average daily trading volume, of 116,544 shares, the days-to-cover ratio is presently 0.0 days.

BlackRock Science and Technology Trust Stock Down 1.9%

BlackRock Science and Technology Trust stock traded down $0.86 during trading hours on Friday, hitting $45.42. The company had a trading volume of 135,562 shares, compared to its average volume of 96,768. The firm’s fifty day moving average is $40.19 and its 200-day moving average is $40.45. BlackRock Science and Technology Trust has a fifty-two week low of $34.87 and a fifty-two week high of $46.35.

BlackRock Science and Technology Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.25 dividend. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date is Monday, June 15th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Morgan Stanley grew its stake in BlackRock Science and Technology Trust by 2.2% in the 4th quarter. Morgan Stanley now owns 1,293,892 shares of the company’s stock valued at $52,454,000 after buying an additional 28,310 shares during the last quarter. Raymond James Financial Inc. grew its stake in BlackRock Science and Technology Trust by 2.4% in the 2nd quarter. Raymond James Financial Inc. now owns 1,045,902 shares of the company’s stock valued at $39,922,000 after buying an additional 24,328 shares during the last quarter. Invesco Ltd. grew its stake in BlackRock Science and Technology Trust by 21.8% in the 3rd quarter. Invesco Ltd. now owns 526,251 shares of the company’s stock valued at $21,766,000 after buying an additional 94,036 shares during the last quarter. 1607 Capital Partners LLC grew its stake in BlackRock Science and Technology Trust by 16.1% in the 4th quarter. 1607 Capital Partners LLC now owns 374,713 shares of the company’s stock valued at $15,191,000 after buying an additional 52,097 shares during the last quarter. Finally, LPL Financial LLC grew its stake in BlackRock Science and Technology Trust by 9.6% in the 4th quarter. LPL Financial LLC now owns 300,756 shares of the company’s stock valued at $12,193,000 after buying an additional 26,264 shares during the last quarter.

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.