BlackRock Energy and Resources Trust (NYSE:BGR) Sees Large Increase in Short Interest

BlackRock Energy and Resources Trust (NYSE:BGR – Get Rating) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 70,500 shares, an increase of 94.2% from the April 30th total of 36,300 shares. Based on an average daily trading volume, of 74,800 shares, the days-to-cover ratio is currently 0.9 days.

BlackRock Energy and Resources Trust Stock Down 0.2 %

NYSE BGR traded down $0.02 during mid-day trading on Friday, hitting $11.59. The stock had a trading volume of 65,276 shares, compared to its average volume of 79,029. The firm’s 50 day moving average is $12.04 and its 200 day moving average is $12.42. BlackRock Energy and Resources Trust has a twelve month low of $9.93 and a twelve month high of $13.72.

BlackRock Energy and Resources Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 31st. Investors of record on Monday, May 15th will be paid a $0.066 dividend. This represents a $0.79 annualized dividend and a yield of 6.83%. The ex-dividend date of this dividend is Friday, May 12th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Blue Bell Private Wealth Management LLC acquired a new position in BlackRock Energy and Resources Trust in the 3rd quarter valued at $38,000. Ameritas Advisory Services LLC purchased a new stake in BlackRock Energy and Resources Trust in the 1st quarter valued at $41,000. Global Retirement Partners LLC grew its holdings in BlackRock Energy and Resources Trust by 37.9% in the 3rd quarter. Global Retirement Partners LLC now owns 3,448 shares of the company’s stock valued at $45,000 after buying an additional 948 shares in the last quarter. Elequin Securities LLC purchased a new stake in BlackRock Energy and Resources Trust in the 4th quarter valued at $129,000. Finally, Private Advisor Group LLC purchased a new stake in BlackRock Energy and Resources Trust in the 1st quarter valued at $132,000.

BlackRock Energy and Resources Trust Company Profile

(Get Rating)

BlackRock Energy & Resources Trust operates as a closed-end management investment trust. The firm’s investment objective is to provide total return through a combination of current income, current gains and long-term capital appreciation. It seeks to achieve its investment objective by investing its assets in equity securities of energy and natural resources companies and equity derivatives with exposure to the energy and natural resources industry.