Short Interest in BlackRock Energy and Resources Trust (NYSE:BGR) Declines By 96.4%

BlackRock Energy and Resources Trust (NYSE:BGR) was the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,318 shares, a drop of 96.4% from the July 15th total of 36,744 shares. Based on an average daily volume of 74,388 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On BlackRock Energy and Resources Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wealth Effects LLC bought a new stake in BlackRock Energy and Resources Trust during the 2nd quarter valued at $222,000. Nations Financial Group Inc. IA ADV increased its holdings in shares of BlackRock Energy and Resources Trust by 12.7% during the second quarter. Nations Financial Group Inc. IA ADV now owns 31,469 shares of the company’s stock valued at $466,000 after purchasing an additional 3,541 shares during the period. Royal Bank of Canada increased its holdings in shares of BlackRock Energy and Resources Trust by 15.4% during the first quarter. Royal Bank of Canada now owns 138,477 shares of the company’s stock valued at $2,397,000 after purchasing an additional 18,474 shares during the period. Cypress Capital Group bought a new stake in shares of BlackRock Energy and Resources Trust during the first quarter valued at about $208,000. Finally, Cetera Investment Advisers raised its stake in shares of BlackRock Energy and Resources Trust by 4.7% during the first quarter. Cetera Investment Advisers now owns 64,454 shares of the company’s stock valued at $1,116,000 after purchasing an additional 2,864 shares in the last quarter.

BlackRock Energy and Resources Trust Trading Up 0.9%

BlackRock Energy and Resources Trust stock traded up $0.15 during midday trading on Tuesday, reaching $16.73. 88,372 shares of the stock traded hands, compared to its average volume of 137,785. BlackRock Energy and Resources Trust has a fifty-two week low of $12.92 and a fifty-two week high of $17.70. The firm has a fifty day moving average price of $15.65 and a two-hundred day moving average price of $15.84.

BlackRock Energy and Resources Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.0973 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.