Short Interest in BlackRock Energy and Resources Trust (NYSE:BGR) Declines By 36.5%

BlackRock Energy and Resources Trust (NYSE:BGR) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 6,100 shares, a decline of 36.5% from the February 29th total of 9,600 shares. Based on an average daily trading volume, of 72,300 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of BlackRock Energy and Resources Trust

A number of hedge funds and other institutional investors have recently modified their holdings of BGR. Raymond James & Associates grew its stake in shares of BlackRock Energy and Resources Trust by 13.4% in the first quarter. Raymond James & Associates now owns 101,502 shares of the company’s stock worth $1,177,000 after purchasing an additional 11,963 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of BlackRock Energy and Resources Trust by 73.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 24,211 shares of the company’s stock worth $281,000 after acquiring an additional 10,233 shares during the last quarter. HighTower Advisors LLC increased its stake in BlackRock Energy and Resources Trust by 24.9% in the 1st quarter. HighTower Advisors LLC now owns 16,884 shares of the company’s stock valued at $196,000 after buying an additional 3,371 shares during the last quarter. Moors & Cabot Inc. increased its stake in BlackRock Energy and Resources Trust by 17.3% in the 1st quarter. Moors & Cabot Inc. now owns 13,583 shares of the company’s stock valued at $158,000 after buying an additional 2,000 shares during the last quarter. Finally, Quantedge Capital Pte Ltd increased its stake in BlackRock Energy and Resources Trust by 55.8% in the 1st quarter. Quantedge Capital Pte Ltd now owns 65,318 shares of the company’s stock valued at $758,000 after buying an additional 23,400 shares during the last quarter.

BlackRock Energy and Resources Trust Stock Performance

Shares of NYSE BGR traded up $0.25 during midday trading on Friday, reaching $13.25. 187,953 shares of the company were exchanged, compared to its average volume of 75,009. The stock’s 50-day moving average price is $12.42 and its 200-day moving average price is $12.58. BlackRock Energy and Resources Trust has a one year low of $11.38 and a one year high of $13.37.

BlackRock Energy and Resources Trust Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.066 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 5.98%.

BlackRock Energy and Resources Trust Company Profile

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.