Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Short Interest Update

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 35,400 shares, an increase of 192.6% from the August 31st total of 12,100 shares. Based on an average trading volume of 196,700 shares, the days-to-cover ratio is currently 0.2 days.

Blackrock Resources & Commodities Strategy Trust Stock Up 1.3 %

NYSE BCX traded up $0.12 during trading on Friday, hitting $9.57. The stock had a trading volume of 241,463 shares, compared to its average volume of 261,973. Blackrock Resources & Commodities Strategy Trust has a one year low of $8.25 and a one year high of $9.58. The stock has a 50 day simple moving average of $9.15 and a 200 day simple moving average of $9.18.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.0518 per share. This represents a $0.62 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date of this dividend is Tuesday, October 15th.

Hedge Funds Weigh In On Blackrock Resources & Commodities Strategy Trust

Hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its stake in shares of Blackrock Resources & Commodities Strategy Trust by 19.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,498,989 shares of the investment management company’s stock valued at $22,966,000 after purchasing an additional 409,593 shares during the period. Lazard Asset Management LLC boosted its position in Blackrock Resources & Commodities Strategy Trust by 15.2% in the 1st quarter. Lazard Asset Management LLC now owns 2,490,913 shares of the investment management company’s stock valued at $22,617,000 after buying an additional 329,511 shares during the period. 180 Wealth Advisors LLC grew its stake in Blackrock Resources & Commodities Strategy Trust by 13.1% in the 2nd quarter. 180 Wealth Advisors LLC now owns 464,646 shares of the investment management company’s stock worth $4,349,000 after acquiring an additional 53,881 shares in the last quarter. Raymond James & Associates increased its position in shares of Blackrock Resources & Commodities Strategy Trust by 2.0% during the second quarter. Raymond James & Associates now owns 413,757 shares of the investment management company’s stock worth $3,802,000 after acquiring an additional 8,305 shares during the period. Finally, Intellectus Partners LLC raised its stake in shares of Blackrock Resources & Commodities Strategy Trust by 2.5% during the second quarter. Intellectus Partners LLC now owns 205,162 shares of the investment management company’s stock valued at $1,885,000 after acquiring an additional 5,048 shares in the last quarter.

About Blackrock Resources & Commodities Strategy Trust

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.