Short Interest in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Rises By 78.1%

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 49,500 shares, an increase of 78.1% from the October 15th total of 27,800 shares. Based on an average daily trading volume, of 192,700 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Blackrock Resources & Commodities Strategy Trust

A number of large investors have recently modified their holdings of BCX. International Assets Investment Management LLC grew its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 860.3% during the 3rd quarter. International Assets Investment Management LLC now owns 517,271 shares of the investment management company’s stock valued at $53,882,000 after purchasing an additional 463,405 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Blackrock Resources & Commodities Strategy Trust by 19.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,498,989 shares of the investment management company’s stock valued at $22,966,000 after buying an additional 409,593 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 15.2% in the first quarter. Lazard Asset Management LLC now owns 2,490,913 shares of the investment management company’s stock worth $22,617,000 after buying an additional 329,511 shares during the period. Pathstone Holdings LLC lifted its stake in shares of Blackrock Resources & Commodities Strategy Trust by 58.2% in the 3rd quarter. Pathstone Holdings LLC now owns 779,152 shares of the investment management company’s stock valued at $7,482,000 after acquiring an additional 286,553 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Blackrock Resources & Commodities Strategy Trust during the 2nd quarter valued at about $1,632,000.

Blackrock Resources & Commodities Strategy Trust Stock Down 0.5 %

BCX traded down $0.05 during trading on Wednesday, reaching $9.17. The stock had a trading volume of 96,790 shares, compared to its average volume of 248,429. The business has a 50-day moving average of $9.37 and a 200-day moving average of $9.27. Blackrock Resources & Commodities Strategy Trust has a one year low of $8.25 and a one year high of $9.74.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a dividend of $0.0518 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.62 annualized dividend and a dividend yield of 6.78%.

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.