BlackRock Energy and Resources Trust (NYSE:BGR) Short Interest Update

BlackRock Energy and Resources Trust (NYSE:BGR) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 6,288 shares, a drop of 72.4% from the May 31st total of 22,794 shares. Based on an average trading volume of 110,622 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On BlackRock Energy and Resources Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Absolute Investment Advisers LLC purchased a new stake in BlackRock Energy and Resources Trust in the first quarter valued at $3,955,000. &PARTNERS acquired a new stake in BlackRock Energy and Resources Trust during the 4th quarter worth about $1,048,000. Formidable Asset Management LLC acquired a new stake in BlackRock Energy and Resources Trust during the 4th quarter worth about $1,009,000. TMB Capital Partners LLC purchased a new position in shares of BlackRock Energy and Resources Trust during the 4th quarter valued at about $307,000. Finally, Royal Bank of Canada raised its stake in shares of BlackRock Energy and Resources Trust by 15.4% during the 1st quarter. Royal Bank of Canada now owns 138,477 shares of the company’s stock valued at $2,397,000 after buying an additional 18,474 shares during the last quarter.

BlackRock Energy and Resources Trust Stock Down 1.0%

Shares of BGR opened at $14.66 on Friday. The stock has a 50-day moving average of $15.88 and a two-hundred day moving average of $15.37. BlackRock Energy and Resources Trust has a one year low of $12.92 and a one year high of $17.70.

BlackRock Energy and Resources Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.0973 dividend. This represents a c) annualized dividend and a dividend yield of 8.0%. The ex-dividend date is Tuesday, September 15th.

BlackRock Energy and Resources Trust Company Profile

BlackRock Energy and Resources Trust (NYSE: BGR) is a closed-end management investment company that seeks to provide a combination of current income and long-term capital appreciation. The trust focuses its investments primarily on equity and equity-related securities of companies engaged in the energy and natural resources sectors, including exploration, production, refining, distribution and related services.

The trust’s portfolio typically comprises common stocks, American Depositary Receipts (ADRs), master limited partnerships (MLPs) and other equity-linked instruments issued by firms operating in upstream and downstream energy markets, metals and mining, chemicals and related industries.