BlackRock Energy and Resources Trust (NYSE:BGR) Shares Shorted: Short Interest Up 637.7% in September

BlackRock Energy and Resources Trust (NYSE:BGR) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 64,986 shares, an increase of 637.7% from the September 15th total of 8,809 shares. Based on an average daily volume of 110,516 shares, the short-interest ratio is currently 0.6 days.

BlackRock Energy and Resources Trust Stock Performance

Shares of NYSE BGR traded up $0.17 during midday trading on Friday, hitting $17.72. The stock had a trading volume of 133,599 shares, compared to its average volume of 129,864. The stock has a 50 day simple moving average of $17.11 and a 200-day simple moving average of $16.37. BlackRock Energy and Resources Trust has a 1 year low of $12.92 and a 1 year high of $17.92.

BlackRock Energy and Resources Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be paid a $0.0973 dividend. This represents a $1.17 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Investors Weigh In On BlackRock Energy and Resources Trust

Hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its stake in shares of BlackRock Energy and Resources Trust by 14.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,811 shares of the company’s stock valued at $101,000 after buying an additional 720 shares during the period. Nations Financial Group Inc. IA ADV lifted its holdings in shares of BlackRock Energy and Resources Trust by 3.6% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 27,928 shares of the company’s stock worth $483,000 after acquiring an additional 961 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of BlackRock Energy and Resources Trust by 11.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,732 shares of the company’s stock worth $174,000 after acquiring an additional 1,211 shares during the last quarter. NWF Advisory Services Inc. boosted its position in shares of BlackRock Energy and Resources Trust by 15.0% during the 1st quarter. NWF Advisory Services Inc. now owns 15,303 shares of the company’s stock worth $265,000 after purchasing an additional 2,000 shares during the period. Finally, SHP Wealth Management purchased a new position in shares of BlackRock Energy and Resources Trust during the 4th quarter worth approximately $31,000.

BlackRock Energy and Resources Trust Company Profile

BlackRock Energy and Resources Trust (NYSE:BGR) is a closed-end investment company managed by BlackRock Advisors, LLC. The trust seeks to provide total return through a combination of current income and capital appreciation by investing primarily in equity securities of companies involved in the energy and natural resources sectors.

Its portfolio may include businesses engaged in the exploration, production, processing, transportation and distribution of energy commodities, as well as companies involved in metals, mining and other natural-resource activities.