Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Short Interest Down 36.8% in May

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 27,688 shares, a drop of 36.8% from the April 30th total of 43,782 shares. Based on an average daily volume of 210,305 shares, the days-to-cover ratio is currently 0.1 days.

Blackrock Resources & Commodities Strategy Trust Trading Up 1.5%

NYSE BCX opened at $12.18 on Wednesday. The company has a 50 day moving average of $12.15 and a 200-day moving average of $11.82. Blackrock Resources & Commodities Strategy Trust has a 1-year low of $9.22 and a 1-year high of $13.86.

Hedge Funds Weigh In On Blackrock Resources & Commodities Strategy Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc bought a new stake in Blackrock Resources & Commodities Strategy Trust during the fourth quarter worth about $30,000. Advocate Investing Services LLC bought a new position in Blackrock Resources & Commodities Strategy Trust in the 4th quarter valued at about $35,000. Harbour Investments Inc. acquired a new position in shares of Blackrock Resources & Commodities Strategy Trust in the 4th quarter valued at approximately $43,000. Geneos Wealth Management Inc. raised its position in shares of Blackrock Resources & Commodities Strategy Trust by 431.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 7,442 shares of the investment management company’s stock valued at $69,000 after buying an additional 6,041 shares in the last quarter. Finally, Summit Securities Group LLC bought a new stake in shares of Blackrock Resources & Commodities Strategy Trust during the 1st quarter worth approximately $119,000.

Blackrock Resources & Commodities Strategy Trust Company Profile

BlackRock Resources & Commodities Strategy Trust (NYSE: BCX) is a closed-end management investment company focused on achieving total return through exposure to global commodities and natural resource sectors. Listed on the New York Stock Exchange, the trust offers investors a vehicle for diversified access to commodity markets, including energy, agriculture, metals and minerals, as well as related equities. By packaging multiple exposure strategies within a single portfolio, BCX seeks to deliver returns that are uncorrelated with traditional equity and fixed-income benchmarks.

The trust pursues its objectives through a combination of direct and indirect instruments.