BlackRock Energy and Resources Trust (NYSE:BGR) Shares Shorted: Short Interest Up 644.6% in September

BlackRock Energy and Resources Trust (NYSE:BGR) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 8,809 shares, a growth of 644.6% from the August 31st total of 1,183 shares. Based on an average trading volume of 101,838 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of BlackRock Energy and Resources Trust

A number of institutional investors have recently bought and sold shares of BGR. Envestnet Asset Management Inc. lifted its stake 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 valued at $174,000 after purchasing an additional 1,211 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in BlackRock Energy and Resources Trust in the 2nd quarter worth approximately $57,000. Cypress Capital Management LLC WY raised its stake in BlackRock Energy and Resources Trust by 6.0% during the 2nd quarter. Cypress Capital Management LLC WY now owns 281,912 shares of the company’s stock valued at $4,178,000 after purchasing an additional 15,998 shares during the last quarter. Readystate Asset Management LP bought a new stake in shares of BlackRock Energy and Resources Trust in the second quarter valued at about $164,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of BlackRock Energy and Resources Trust during the 2nd quarter worth approximately $168,000.

BlackRock Energy and Resources Trust Stock Down 1.1%

Shares of NYSE BGR traded down $0.19 during midday trading on Friday, reaching $17.05. The company’s stock had a trading volume of 118,537 shares, compared to its average volume of 129,893. BlackRock Energy and Resources Trust has a one year low of $12.92 and a one year high of $17.92. The company has a 50 day moving average price of $16.93 and a 200 day moving average price of $16.31.

BlackRock Energy and Resources Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be given a $0.0973 dividend. This represents a $1.17 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Friday, December 11th.

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.