Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Sees Significant Decline in Short Interest

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 123,900 shares, a decrease of 5.6% from the January 15th total of 131,200 shares. Based on an average trading volume of 299,100 shares, the short-interest ratio is currently 0.4 days.

Blackrock Resources & Commodities Strategy Trust Trading Up 1.1 %

BCX stock opened at $9.27 on Wednesday. Blackrock Resources & Commodities Strategy Trust has a fifty-two week low of $8.25 and a fifty-two week high of $9.74. The business’s 50 day moving average price is $8.96 and its two-hundred day moving average price is $9.17.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.0697 per share. The ex-dividend date is Friday, February 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.03%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BCX. Curio Wealth LLC purchased a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the 4th quarter worth approximately $28,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the 3rd quarter worth approximately $35,000. Elequin Capital LP purchased a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the 4th quarter worth approximately $58,000. CreativeOne Wealth LLC purchased a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the 4th quarter worth approximately $96,000. Finally, Virtu Financial LLC purchased a new stake in Blackrock Resources & Commodities Strategy Trust during the 3rd quarter valued at $99,000.

Blackrock Resources & Commodities Strategy Trust Company Profile

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.