BlackRock Science and Technology Trust (NYSE:BST) Sees Significant Growth in Short Interest

BlackRock Science and Technology Trust (NYSE:BSTGet Rating) saw a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 160,400 shares, a growth of 23.7% from the May 15th total of 129,700 shares. Based on an average daily volume of 152,200 shares, the short-interest ratio is currently 1.1 days.

Large investors have recently made changes to their positions in the business. Advisor Group Holdings Inc. grew its holdings in BlackRock Science and Technology Trust by 1.1% during the 4th quarter. Advisor Group Holdings Inc. now owns 66,745 shares of the company’s stock valued at $3,337,000 after buying an additional 711 shares during the last quarter. Karpus Management Inc. grew its holdings in BlackRock Science and Technology Trust by 56.8% during the 4th quarter. Karpus Management Inc. now owns 460,210 shares of the company’s stock valued at $22,997,000 after buying an additional 166,683 shares during the last quarter. Nations Financial Group Inc. IA ADV acquired a new stake in BlackRock Science and Technology Trust during the 4th quarter valued at $234,000. Beacon Pointe Advisors LLC acquired a new stake in BlackRock Science and Technology Trust during the 3rd quarter valued at $808,000. Finally, Stephens Inc. AR lifted its stake in shares of BlackRock Science and Technology Trust by 7.9% during the 4th quarter. Stephens Inc. AR now owns 14,707 shares of the company’s stock worth $735,000 after purchasing an additional 1,072 shares during the period.

BST opened at $32.17 on Friday. The stock’s 50 day simple moving average is $37.09 and its 200 day simple moving average is $42.57. BlackRock Science and Technology Trust has a 1-year low of $30.90 and a 1-year high of $59.96.

The company also recently declared a monthly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 15th will be issued a $0.25 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 9.33%. The ex-dividend date of this dividend is Tuesday, June 14th.

BlackRock Science and Technology Trust Company Profile (Get Rating)

BlackRock Science and Technology Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests directly and indirectly through derivative such as options in public equity markets of countries across the globe. The fund seeks to invest in stocks of companies operating across the science and technology sector.

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