BlackRock Health Sciences Term Trust (NYSE:BMEZ) Short Interest Update

BlackRock Health Sciences Term Trust (NYSE:BMEZ) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 200,900 shares, a growth of 61.1% from the September 30th total of 124,700 shares. Based on an average daily volume of 266,600 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 266,600 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Larson Financial Group LLC lifted its holdings in shares of BlackRock Health Sciences Term Trust by 51.9% during the first quarter. Larson Financial Group LLC now owns 2,050 shares of the company’s stock worth $31,000 after buying an additional 700 shares during the last quarter. Chapin Davis Inc. lifted its holdings in shares of BlackRock Health Sciences Term Trust by 3.2% during the third quarter. Chapin Davis Inc. now owns 27,605 shares of the company’s stock worth $398,000 after buying an additional 849 shares during the last quarter. Brown Lisle Cummings Inc. lifted its holdings in shares of BlackRock Health Sciences Term Trust by 1.9% during the second quarter. Brown Lisle Cummings Inc. now owns 45,112 shares of the company’s stock worth $643,000 after buying an additional 852 shares during the last quarter. Truist Financial Corp lifted its holdings in shares of BlackRock Health Sciences Term Trust by 5.9% during the second quarter. Truist Financial Corp now owns 19,645 shares of the company’s stock worth $280,000 after buying an additional 1,093 shares during the last quarter. Finally, Elequin Capital LP lifted its holdings in shares of BlackRock Health Sciences Term Trust by 20.7% during the first quarter. Elequin Capital LP now owns 7,079 shares of the company’s stock worth $105,000 after buying an additional 1,214 shares during the last quarter.

BlackRock Health Sciences Term Trust Stock Down 0.9%

Shares of BlackRock Health Sciences Term Trust stock opened at $14.87 on Tuesday. The stock has a 50 day moving average price of $14.62 and a two-hundred day moving average price of $14.39. BlackRock Health Sciences Term Trust has a 12-month low of $12.58 and a 12-month high of $16.75.

BlackRock Health Sciences Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were issued a dividend of $0.11 per share. The ex-dividend date was Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%.

About BlackRock Health Sciences Term Trust

BlackRock Health Sciences Trust II’s (BMEZ) (the ‘Trust’) investment objective is to provide total return and income through a combination of current income, current gains and long-term capital appreciation. The Trust seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its total assets in equity securities of companies principally engaged in the health sciences group of industries and equity derivatives with exposure to the health sciences group of industries.