BlackRock Energy and Resources Trust (NYSE:BGR) Short Interest Up 14.5% in December

BlackRock Energy and Resources Trust (NYSE:BGR) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 67,200 shares, an increase of 14.5% from the November 30th total of 58,700 shares. Based on an average trading volume of 97,600 shares, the days-to-cover ratio is presently 0.7 days.

BlackRock Energy and Resources Trust Trading Up 0.8 %

BGR traded up $0.10 during trading on Wednesday, hitting $12.61. 144,131 shares of the stock traded hands, compared to its average volume of 83,960. BlackRock Energy and Resources Trust has a 12-month low of $11.86 and a 12-month high of $13.85. The firm has a 50-day moving average of $13.21 and a 200 day moving average of $13.06.

BlackRock Energy and Resources Trust Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 16th were paid a dividend of $0.0973 per share. This represents a $1.17 annualized dividend and a yield of 9.26%. The ex-dividend date of this dividend was Monday, December 16th.

Institutional Investors Weigh In On BlackRock Energy and Resources Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. purchased a new stake in BlackRock Energy and Resources Trust in the third quarter worth about $56,000. Raymond James Trust N.A. bought a new position in shares of BlackRock Energy and Resources Trust during the third quarter valued at approximately $159,000. Moors & Cabot Inc. bought a new position in BlackRock Energy and Resources Trust in the third quarter worth approximately $137,000. Wolverine Asset Management LLC lifted its holdings in BlackRock Energy and Resources Trust by 74.0% during the third quarter. Wolverine Asset Management LLC now owns 103,908 shares of the company’s stock worth $1,338,000 after buying an additional 44,174 shares during the period. Finally, NBC Securities Inc. boosted its position in BlackRock Energy and Resources Trust by 19.6% during the 3rd quarter. NBC Securities Inc. now owns 9,164 shares of the company’s stock valued at $118,000 after acquiring an additional 1,500 shares in the last quarter.

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.