Blackrock Resources & Commodities Strategy Trust (NYSE:BCX – Get Free Report) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 41,700 shares, an increase of 55.0% from the May 15th total of 26,900 shares. Based on an average trading volume of 228,400 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in BCX. Penserra Capital Management LLC purchased a new position in shares of Blackrock Resources & Commodities Strategy Trust in the 3rd quarter valued at about $7,428,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 41.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,883,061 shares of the investment management company’s stock valued at $16,722,000 after acquiring an additional 550,047 shares during the last quarter. International Assets Investment Management LLC grew its stake in Blackrock Resources & Commodities Strategy Trust by 788.4% during the 4th quarter. International Assets Investment Management LLC now owns 456,329 shares of the investment management company’s stock worth $40,520,000 after buying an additional 404,962 shares during the last quarter. Lazard Asset Management LLC grew its stake in Blackrock Resources & Commodities Strategy Trust by 15.2% during the 1st quarter. Lazard Asset Management LLC now owns 2,490,913 shares of the investment management company’s stock worth $22,617,000 after buying an additional 329,511 shares during the last quarter. Finally, Saba Capital Management L.P. grew its stake in Blackrock Resources & Commodities Strategy Trust by 23.0% during the 3rd quarter. Saba Capital Management L.P. now owns 1,600,113 shares of the investment management company’s stock worth $14,737,000 after buying an additional 299,531 shares during the last quarter.
Blackrock Resources & Commodities Strategy Trust Trading Down 0.8 %
BCX opened at $8.87 on Friday. Blackrock Resources & Commodities Strategy Trust has a one year low of $8.25 and a one year high of $9.87. The business’s 50-day simple moving average is $9.26 and its 200-day simple moving average is $8.92.
Blackrock Resources & Commodities Strategy Trust Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.052 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 7.03%.
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.
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