Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Sees Large Decline in Short Interest

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 44,500 shares, a drop of 65.7% from the March 31st total of 129,700 shares. Based on an average daily volume of 310,500 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Blackrock Resources & Commodities Strategy Trust

Several institutional investors and hedge funds have recently modified their holdings of BCX. Janney Montgomery Scott LLC boosted its stake in Blackrock Resources & Commodities Strategy Trust by 6.8% during the first quarter. Janney Montgomery Scott LLC now owns 28,289 shares of the investment management company’s stock worth $264,000 after acquiring an additional 1,799 shares in the last quarter. Calamos Advisors LLC boosted its stake in shares of Blackrock Resources & Commodities Strategy Trust by 11.9% in the 4th quarter. Calamos Advisors LLC now owns 29,328 shares of the investment management company’s stock worth $250,000 after buying an additional 3,127 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Blackrock Resources & Commodities Strategy Trust by 21.4% during the 4th quarter. HighTower Advisors LLC now owns 18,285 shares of the investment management company’s stock valued at $156,000 after purchasing an additional 3,224 shares during the period. Curio Wealth LLC bought a new position in Blackrock Resources & Commodities Strategy Trust in the fourth quarter worth approximately $28,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Blackrock Resources & Commodities Strategy Trust during the third quarter valued at about $35,000.

Blackrock Resources & Commodities Strategy Trust Stock Up 0.2 %

Shares of NYSE BCX opened at $8.95 on Friday. The firm’s fifty day moving average is $8.93 and its 200 day moving average is $9.08. Blackrock Resources & Commodities Strategy Trust has a 52 week low of $7.84 and a 52 week high of $9.74.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 15th will be given a $0.0697 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.35%.

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.