Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Sees Large Drop in Short Interest

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 45,800 shares, a decline of 7.5% from the October 31st total of 49,500 shares. Based on an average trading volume of 198,100 shares, the short-interest ratio is currently 0.2 days.

Blackrock Resources & Commodities Strategy Trust Trading Down 0.3 %

BCX traded down $0.03 during trading on Wednesday, reaching $9.34. 52,171 shares of the company traded hands, compared to its average volume of 245,662. Blackrock Resources & Commodities Strategy Trust has a 12-month low of $8.25 and a 12-month high of $9.74. The firm has a fifty day simple moving average of $9.43 and a 200 day simple moving average of $9.27.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 16th will be issued a $0.0697 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.96%.

Institutional Investors Weigh In On Blackrock Resources & Commodities Strategy Trust

Several institutional investors have recently modified their holdings of the stock. Comerica Bank lifted its holdings in Blackrock Resources & Commodities Strategy Trust by 10.1% during the 1st quarter. Comerica Bank now owns 15,920 shares of the investment management company’s stock valued at $145,000 after buying an additional 1,466 shares in the last quarter. Private Advisor Group LLC lifted its position in Blackrock Resources & Commodities Strategy Trust by 1.9% during the 2nd quarter. Private Advisor Group LLC now owns 88,941 shares of the investment management company’s stock worth $817,000 after acquiring an additional 1,631 shares during the period. Raymond James & Associates grew its stake in Blackrock Resources & Commodities Strategy Trust by 0.4% during the 3rd quarter. Raymond James & Associates now owns 415,390 shares of the investment management company’s stock valued at $3,988,000 after purchasing an additional 1,633 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 13.6% during the second quarter. Blue Bell Private Wealth Management LLC now owns 25,972 shares of the investment management company’s stock worth $239,000 after purchasing an additional 3,119 shares during the period. Finally, Raymond James Trust N.A. lifted its stake in Blackrock Resources & Commodities Strategy Trust by 18.8% during the 2nd quarter. Raymond James Trust N.A. now owns 20,782 shares of the investment management company’s stock valued at $191,000 after acquiring an additional 3,296 shares during the period.

About Blackrock Resources & Commodities Strategy Trust

Blackrock Resources & Commodities Strategy Trust is a closed-ended equity mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the commodities or natural resources sectors.