Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Short Interest Up 141.7% in January

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 81,700 shares, a growth of 141.7% from the December 31st total of 33,800 shares. Based on an average daily trading volume, of 228,300 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of Blackrock Resources & Commodities Strategy Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BCX. Wilmington Savings Fund Society FSB purchased a new stake in shares of Blackrock Resources & Commodities Strategy Trust during the third quarter valued at $35,000. Virtu Financial LLC bought a new position in shares of Blackrock Resources & Commodities Strategy Trust in the 3rd quarter valued at approximately $99,000. Sigma Planning Corp acquired a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the third quarter worth $104,000. Creekside Partners bought a new stake in Blackrock Resources & Commodities Strategy Trust in the 2nd quarter valued at $119,000. Finally, Tallon Kerry Patrick acquired a new stake in Blackrock Resources & Commodities Strategy Trust in the 4th quarter worth $120,000.

Blackrock Resources & Commodities Strategy Trust Price Performance

Shares of NYSE BCX traded down $0.04 during midday trading on Thursday, hitting $9.02. 816,963 shares of the company’s stock were exchanged, compared to its average volume of 301,498. Blackrock Resources & Commodities Strategy Trust has a twelve month low of $8.25 and a twelve month high of $9.74. The firm’s fifty day simple moving average is $9.04 and its 200-day simple moving average is $9.20.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a dividend of $0.0697 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.28%. The ex-dividend date of this dividend is Wednesday, January 15th.

Blackrock Resources & Commodities Strategy Trust Company Profile

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.