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

Posted by Anthony Bellafiore on Mar 15th, 2025

BlackRock Energy and Resources Trust (NYSE:BGR – Get Free Report) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 70,600 shares, a decrease of 51.7% from the February 13th total of 146,300 shares. Based on an average daily volume of 96,000 shares, the days-to-cover ratio is currently 0.7 days.

BlackRock Energy and Resources Trust Stock Performance

Shares of BGR traded up $0.05 during mid-day trading on Friday, hitting $13.05. 49,315 shares of the company’s stock were exchanged, compared to its average volume of 87,100. The firm has a fifty day moving average of $13.30 and a two-hundred day moving average of $13.14. BlackRock Energy and Resources Trust has a twelve month low of $12.10 and a twelve month high of $13.94.

BlackRock Energy and Resources Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.0973 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.17 dividend on an annualized basis and a yield of 8.95%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Elequin Capital LP acquired a new position in BlackRock Energy and Resources Trust in the 4th quarter valued at $41,000. Millstone Evans Group LLC acquired a new position in BlackRock Energy and Resources Trust in the 4th quarter valued at $54,000. Brown Brothers Harriman & Co. acquired a new position in BlackRock Energy and Resources Trust in the 3rd quarter valued at $56,000. one8zero8 LLC acquired a new position in BlackRock Energy and Resources Trust in the 4th quarter valued at $131,000. Finally, Moors & Cabot Inc. acquired a new position in BlackRock Energy and Resources Trust in the 3rd quarter valued at $137,000.

About BlackRock Energy and Resources Trust

(Get Free Report)

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.