BlackRock Science and Technology Trust (NYSE:BST) Short Interest Up 185.2% in January

BlackRock Science and Technology Trust (NYSE:BST) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 7,700 shares, a growth of 185.2% from the December 31st total of 2,700 shares. Based on an average daily trading volume, of 109,700 shares, the days-to-cover ratio is presently 0.1 days.

BlackRock Science and Technology Trust Stock Performance

NYSE BST traded down $0.12 during mid-day trading on Wednesday, reaching $37.23. 50,411 shares of the stock were exchanged, compared to its average volume of 125,884. BlackRock Science and Technology Trust has a 1 year low of $31.38 and a 1 year high of $39.59. The business’s 50 day moving average is $37.20 and its 200-day moving average is $36.07.

BlackRock Science and Technology Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.25 per share. This represents a $3.00 dividend on an annualized basis and a yield of 8.06%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its stake in BlackRock Science and Technology Trust by 3,329.8% during the 3rd quarter. International Assets Investment Management LLC now owns 551,411 shares of the company’s stock worth $195,420,000 after purchasing an additional 535,334 shares during the last quarter. Claro Advisors LLC grew its stake in BlackRock Science and Technology Trust by 1,008.1% during the 3rd quarter. Claro Advisors LLC now owns 154,416 shares of the company’s stock valued at $5,473,000 after acquiring an additional 140,481 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in BlackRock Science and Technology Trust by 100.8% in the 3rd quarter. Wolverine Asset Management LLC now owns 141,218 shares of the company’s stock valued at $5,005,000 after acquiring an additional 70,885 shares during the last quarter. David J Yvars Group purchased a new position in BlackRock Science and Technology Trust in the 3rd quarter worth approximately $820,000. Finally, Shaker Financial Services LLC boosted its holdings in shares of BlackRock Science and Technology Trust by 77.8% during the 3rd quarter. Shaker Financial Services LLC now owns 46,823 shares of the company’s stock worth $1,659,000 after purchasing an additional 20,491 shares during the last quarter.

About BlackRock Science and Technology Trust

BlackRock Science and Technology Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests directly and indirectly through derivative such as options in public equity markets of countries across the globe. The fund seeks to invest in stocks of companies operating across the science and technology sector.