BlackRock Health Sciences Term Trust (NYSE:BMEZ) Stock Short Interest Falls 60.9%

BlackRock Health Sciences Term Trust (NYSE:BMEZ) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 32,798 shares, a decline of 60.9% from the September 15th total of 83,940 shares. Based on an average trading volume of 128,882 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of BlackRock Health Sciences Term Trust

A number of large investors have recently added to or reduced their stakes in BMEZ. Saba Capital Management L.P. bought a new stake in BlackRock Health Sciences Term Trust in the 1st quarter valued at $10,907,000. Calamos Advisors LLC bought a new position in BlackRock Health Sciences Term Trust during the first quarter worth $740,000. Corient Private Wealth LP bought a new position in BlackRock Health Sciences Term Trust during the second quarter worth $467,000. Lazard Asset Management LLC increased its holdings in shares of BlackRock Health Sciences Term Trust by 64.2% in the first quarter. Lazard Asset Management LLC now owns 621,604 shares of the company’s stock valued at $8,926,000 after purchasing an additional 243,054 shares during the last quarter. Finally, Rivernorth Capital Management LLC raised its position in shares of BlackRock Health Sciences Term Trust by 24.8% in the first quarter. Rivernorth Capital Management LLC now owns 809,196 shares of the company’s stock valued at $11,620,000 after purchasing an additional 160,629 shares during the period.

BlackRock Health Sciences Term Trust Stock Down 1.0%

Shares of NYSE:BMEZ traded down $0.17 during trading on Tuesday, hitting $16.25. 49,471 shares of the company were exchanged, compared to its average volume of 201,705. BlackRock Health Sciences Term Trust has a fifty-two week low of $13.70 and a fifty-two week high of $17.25. The firm has a fifty day moving average price of $16.56 and a two-hundred day moving average price of $15.32.

BlackRock Health Sciences Term Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be issued a dividend of $0.11 per share. This represents a $1.32 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Friday, December 11th.

BlackRock Health Sciences Term Trust Company Profile

BlackRock Health Sciences Term Trust (NYSE:BMEZ) is a publicly traded closed-end investment fund managed by BlackRock Advisors, LLC. The fund seeks to provide total returns through a combination of current income and long-term capital appreciation by investing primarily in companies involved in the health sciences sector.

BMEZ’s investment universe includes businesses in areas such as biotechnology, pharmaceuticals, medical devices, health-care services, and life-sciences tools and equipment.