BlackRock Science and Technology Trust (NYSE:BST) Short Interest Up 166.6% in June

BlackRock Science and Technology Trust (NYSE:BST) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 29,067 shares, an increase of 166.6% from the June 15th total of 10,904 shares. Based on an average daily volume of 110,879 shares, the days-to-cover ratio is presently 0.3 days.

BlackRock Science and Technology Trust Stock Down 2.6%

BlackRock Science and Technology Trust stock opened at $46.97 on Tuesday. BlackRock Science and Technology Trust has a 52-week low of $34.87 and a 52-week high of $51.30. The firm’s fifty day moving average is $47.29 and its 200 day moving average is $42.44.

BlackRock Science and Technology Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in BlackRock Science and Technology Trust by 4.1% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,417 shares of the company’s stock valued at $478,000 after acquiring an additional 372 shares during the last quarter. Focus Financial Network Inc. lifted its position in shares of BlackRock Science and Technology Trust by 6.0% during the second quarter. Focus Financial Network Inc. now owns 18,483 shares of the company’s stock worth $937,000 after purchasing an additional 1,048 shares during the last quarter. Noble Wealth Management PBC bought a new stake in shares of BlackRock Science and Technology Trust during the second quarter worth $345,000. Bank of America Corp DE boosted its stake in shares of BlackRock Science and Technology Trust by 23.3% during the first quarter. Bank of America Corp DE now owns 280,055 shares of the company’s stock valued at $10,180,000 after purchasing an additional 52,846 shares during the period. Finally, Arkadios Wealth Advisors boosted its stake in shares of BlackRock Science and Technology Trust by 20.8% during the first quarter. Arkadios Wealth Advisors now owns 9,400 shares of the company’s stock valued at $342,000 after purchasing an additional 1,621 shares during the period.

About BlackRock Science and Technology Trust

BlackRock Science and Technology Trust (NYSE: BST) is a closed-end management investment company that concentrates its investments in the equity securities of companies engaged in science and technology industries. Established in December 2018, the trust seeks to provide shareholders with total return through a combination of capital appreciation and current income. BST primarily targets firms involved in information technology, biotechnology, clean energy, advanced manufacturing, and other technology-driven sectors.

The trust’s investment strategy is rooted in fundamental, bottom-up analysis carried out by a dedicated team of research professionals at BlackRock.