Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Sees Significant Growth in Short Interest

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 35,400 shares, an increase of 192.6% from the August 31st total of 12,100 shares. Based on an average daily volume of 196,700 shares, the short-interest ratio is presently 0.2 days.

Blackrock Resources & Commodities Strategy Trust Trading Down 0.9 %

Shares of BCX traded down $0.09 during mid-day trading on Wednesday, reaching $9.41. The company had a trading volume of 193,738 shares, compared to its average volume of 261,596. Blackrock Resources & Commodities Strategy Trust has a twelve month low of $8.25 and a twelve month high of $9.58. The company’s 50-day moving average is $9.15 and its 200-day moving average is $9.18.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.0518 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.62 annualized dividend and a yield of 6.61%.

Institutional Investors Weigh In On Blackrock Resources & Commodities Strategy Trust

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quantedge Capital Pte Ltd raised its stake in shares of Blackrock Resources & Commodities Strategy Trust by 146.5% in the fourth quarter. Quantedge Capital Pte Ltd now owns 169,763 shares of the investment management company’s stock valued at $1,507,000 after acquiring an additional 100,900 shares during the last quarter. WNY Asset Management LLC grew its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 12.4% during the fourth quarter. WNY Asset Management LLC now owns 18,100 shares of the investment management company’s stock worth $161,000 after purchasing an additional 2,000 shares during the last quarter. Abel Hall LLC acquired a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the fourth quarter valued at $107,000. Twin Focus Capital Partners LLC bought a new position in shares of Blackrock Resources & Commodities Strategy Trust in the fourth quarter valued at about $1,220,000. Finally, Stolper Co lifted its position in Blackrock Resources & Commodities Strategy Trust by 10.0% during the 1st quarter. Stolper Co now owns 65,979 shares of the investment management company’s stock worth $599,000 after buying an additional 5,971 shares in the last quarter.

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.