BlackRock Energy and Resources Trust (NYSE:BGR) Sees Large Increase in Short Interest

BlackRock Energy and Resources Trust (NYSE:BGR) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 18,500 shares, a growth of 12.1% from the September 15th total of 16,500 shares. Based on an average daily volume of 97,200 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On BlackRock Energy and Resources Trust

Several institutional investors and hedge funds have recently modified their holdings of BGR. Allspring Global Investments Holdings LLC raised its position in BlackRock Energy and Resources Trust by 15.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,842,055 shares of the company’s stock valued at $24,352,000 after acquiring an additional 242,603 shares in the last quarter. City of London Investment Management Co. Ltd. grew its stake in shares of BlackRock Energy and Resources Trust by 19.9% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 1,581,597 shares of the company’s stock worth $20,909,000 after purchasing an additional 262,451 shares during the period. Raymond James & Associates increased its holdings in shares of BlackRock Energy and Resources Trust by 43.8% during the 2nd quarter. Raymond James & Associates now owns 197,536 shares of the company’s stock valued at $2,611,000 after purchasing an additional 60,177 shares in the last quarter. Truist Financial Corp increased its holdings in shares of BlackRock Energy and Resources Trust by 0.7% during the 2nd quarter. Truist Financial Corp now owns 162,487 shares of the company’s stock valued at $2,148,000 after purchasing an additional 1,175 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of BlackRock Energy and Resources Trust by 1.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 50,466 shares of the company’s stock valued at $669,000 after purchasing an additional 861 shares during the period.

BlackRock Energy and Resources Trust Price Performance

NYSE:BGR traded up $0.02 during midday trading on Thursday, hitting $12.85. The company’s stock had a trading volume of 42,085 shares, compared to its average volume of 81,348. BlackRock Energy and Resources Trust has a fifty-two week low of $11.86 and a fifty-two week high of $13.68. The firm’s 50 day moving average is $12.93 and its 200-day moving average is $13.07.

BlackRock Energy and Resources Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a $0.0754 dividend. This represents a $0.90 annualized dividend and a yield of 7.04%. The ex-dividend date of this dividend is Tuesday, October 15th.

About BlackRock Energy and Resources Trust

BlackRock Energy and Resources Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe, with an emphasis on the United States. The fund seeks to invest in stocks of companies operating in the energy and natural resources sectors.