BlackRock Energy and Resources Trust (NYSE:BGR) Short Interest Up 3,812.5% in October

BlackRock Energy and Resources Trust (NYSE:BGR) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 31,300 shares, an increase of 3,812.5% from the October 15th total of 800 shares. Based on an average trading volume of 101,300 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On BlackRock Energy and Resources Trust

Several hedge funds have recently modified their holdings of BGR. Raymond James Trust N.A. purchased a new position in BlackRock Energy and Resources Trust in the 3rd quarter valued at approximately $159,000. Moors & Cabot Inc. purchased a new position in BlackRock Energy and Resources Trust in the 3rd quarter valued at approximately $137,000. Wolverine Asset Management LLC grew its stake in BlackRock Energy and Resources Trust by 74.0% in the 3rd quarter. Wolverine Asset Management LLC now owns 103,908 shares of the company’s stock valued at $1,338,000 after buying an additional 44,174 shares in the last quarter. NBC Securities Inc. grew its stake in BlackRock Energy and Resources Trust by 19.6% in the 3rd quarter. NBC Securities Inc. now owns 9,164 shares of the company’s stock valued at $118,000 after buying an additional 1,500 shares in the last quarter. Finally, Truist Financial Corp grew its stake in BlackRock Energy and Resources Trust by 0.7% in the 2nd quarter. Truist Financial Corp now owns 162,487 shares of the company’s stock valued at $2,148,000 after buying an additional 1,175 shares in the last quarter.

BlackRock Energy and Resources Trust Price Performance

BGR stock opened at $13.46 on Wednesday. The company’s 50-day moving average is $12.94 and its 200-day moving average is $13.04. BlackRock Energy and Resources Trust has a 1 year low of $11.86 and a 1 year high of $13.68.

BlackRock Energy and Resources Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.0754 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.90 annualized dividend and a dividend yield of 6.72%.

About BlackRock Energy and Resources Trust

BlackRock Energy and Resources Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe, with an emphasis on the United States. The fund seeks to invest in stocks of companies operating in the energy and natural resources sectors.