BlackRock Energy and Resources Trust (NYSE:BGR) Short Interest Update

BlackRock Energy and Resources Trust (NYSE:BGR) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,183 shares, a decline of 94.2% from the August 15th total of 20,534 shares. Based on an average daily volume of 101,199 shares, the days-to-cover ratio is presently 0.0 days.

BlackRock Energy and Resources Trust Price Performance

BGR traded up $0.01 during trading on Friday, reaching $17.61. 63,534 shares of the company were exchanged, compared to its average volume of 132,514. BlackRock Energy and Resources Trust has a 52 week low of $12.92 and a 52 week high of $17.80. The firm has a 50 day moving average of $16.59 and a 200 day moving average of $16.19.

BlackRock Energy and Resources Trust Announces Dividend

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

Institutional Trading of BlackRock Energy and Resources Trust

Hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in 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 worth $101,000 after purchasing an additional 720 shares during the last quarter. Moors & Cabot Inc. boosted its position in shares of BlackRock Energy and Resources Trust by 1.2% during the third quarter. Moors & Cabot Inc. now owns 65,988 shares of the company’s stock worth $895,000 after buying an additional 805 shares during the period. Nations Financial Group Inc. IA ADV grew its holdings in 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 buying an additional 961 shares in the last quarter. Osaic Holdings Inc. grew its holdings in BlackRock Energy and Resources Trust by 2.2% in the 4th quarter. Osaic Holdings Inc. now owns 63,067 shares of the company’s stock worth $854,000 after buying an additional 1,339 shares in the last quarter. Finally, NWF Advisory Services Inc. increased its position in BlackRock Energy and Resources Trust by 15.0% in the 1st quarter. NWF Advisory Services Inc. now owns 15,303 shares of the company’s stock valued at $265,000 after acquiring an additional 2,000 shares during the period.

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.