BlackRock Energy and Resources Trust (NYSE:BGR) Sees Significant Decrease in Short Interest

BlackRock Energy and Resources Trust (NYSE:BGR) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 41,600 shares, a decrease of 43.4% from the April 30th total of 73,500 shares. Based on an average daily volume of 96,600 shares, the short-interest ratio is currently 0.4 days.

BlackRock Energy and Resources Trust Stock Down 0.3%

Shares of NYSE:BGR opened at $12.37 on Monday. The company has a 50 day moving average price of $12.41 and a two-hundred day moving average price of $12.96. BlackRock Energy and Resources Trust has a 52 week low of $11.08 and a 52 week high of $13.94.

BlackRock Energy and Resources Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 15th were given a dividend of $0.0973 per share. This represents a $1.17 annualized dividend and a dividend yield of 9.44%. The ex-dividend date was Thursday, May 15th.

Institutional Investors Weigh In On BlackRock Energy and Resources Trust

Several large investors have recently made changes to their positions in BGR. Garde Capital Inc. bought a new stake in shares of BlackRock Energy and Resources Trust during the first quarter worth $30,000. Golden State Wealth Management LLC increased its position in shares of BlackRock Energy and Resources Trust by 66.4% during the first quarter. Golden State Wealth Management LLC now owns 2,766 shares of the company’s stock worth $38,000 after acquiring an additional 1,104 shares in the last quarter. Elequin Capital LP bought a new stake in shares of BlackRock Energy and Resources Trust during the fourth quarter worth $41,000. Millstone Evans Group LLC bought a new stake in shares of BlackRock Energy and Resources Trust during the fourth quarter worth $54,000. Finally, PNC Financial Services Group Inc. increased its position in shares of BlackRock Energy and Resources Trust by 19.6% during the first quarter. PNC Financial Services Group Inc. now owns 6,091 shares of the company’s stock worth $83,000 after acquiring an additional 1,000 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.