BlackRock Health Sciences Trust (NYSE:BME) Short Interest Update

BlackRock Health Sciences Trust (NYSE:BMEGet Rating) was the target of a large decrease in short interest in December. As of December 30th, there was short interest totalling 37,800 shares, a decrease of 9.1% from the December 15th total of 41,600 shares. Based on an average daily trading volume, of 35,200 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On BlackRock Health Sciences Trust

A number of institutional investors have recently added to or reduced their stakes in BME. UBS Group AG lifted its position in BlackRock Health Sciences Trust by 25.2% in the second quarter. UBS Group AG now owns 159,864 shares of the company’s stock worth $6,778,000 after purchasing an additional 32,162 shares during the period. Wells Fargo & Company MN lifted its position in shares of BlackRock Health Sciences Trust by 17.9% during the 2nd quarter. Wells Fargo & Company MN now owns 160,998 shares of the company’s stock valued at $6,827,000 after acquiring an additional 24,413 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of BlackRock Health Sciences Trust by 587.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 26,157 shares of the company’s stock valued at $1,015,000 after acquiring an additional 22,353 shares during the last quarter. Cornerstone Advisory LLC lifted its position in shares of BlackRock Health Sciences Trust by 46.3% during the 2nd quarter. Cornerstone Advisory LLC now owns 51,530 shares of the company’s stock valued at $2,185,000 after acquiring an additional 16,312 shares during the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of BlackRock Health Sciences Trust during the 1st quarter valued at $580,000.

BlackRock Health Sciences Trust Stock Performance

BME stock traded up $0.10 on Tuesday, reaching $42.60. The company’s stock had a trading volume of 22,143 shares, compared to its average volume of 24,176. BlackRock Health Sciences Trust has a 52 week low of $38.27 and a 52 week high of $47.04. The firm has a fifty day moving average of $43.44 and a two-hundred day moving average of $42.57.

BlackRock Health Sciences Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, January 31st. Shareholders of record on Friday, January 13th will be given a $0.213 dividend. The ex-dividend date is Thursday, January 12th. This represents a $2.56 dividend on an annualized basis and a yield of 6.00%.

About BlackRock Health Sciences Trust

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BlackRock Health Sciences Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the health sciences and related sectors, which include businesses involved in researching, developing, producing, distributing or delivering medical, dental, optical, pharmaceutical or biotechnology products, supplies, equipment, or services.

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