Blackrock Resources & Commodities Strategy Trust (NYSE:BCX – Get Free Report) was the recipient of a large increase in short interest in February. As of February 15th, there was short interest totalling 34,200 shares, an increase of 194.8% from the January 31st total of 11,600 shares. Based on an average daily volume of 342,700 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Investors Weigh In On Blackrock Resources & Commodities Strategy Trust
Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its stake in shares of Blackrock Resources & Commodities Strategy Trust by 51,420.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,576 shares of the investment management company’s stock valued at $25,000 after acquiring an additional 2,571 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Blackrock Resources & Commodities Strategy Trust in the 1st quarter valued at $31,000. Samalin Investment Counsel LLC bought a new position in shares of Blackrock Resources & Commodities Strategy Trust in the 1st quarter valued at $33,000. Captrust Financial Advisors bought a new position in shares of Blackrock Resources & Commodities Strategy Trust in the 2nd quarter valued at $33,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Blackrock Resources & Commodities Strategy Trust by 64.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,256 shares of the investment management company’s stock valued at $46,000 after acquiring an additional 1,665 shares during the last quarter.
Blackrock Resources & Commodities Strategy Trust Stock Up 1.5 %
Shares of BCX stock opened at $8.44 on Friday. The stock’s fifty day moving average price is $8.61 and its two-hundred day moving average price is $8.87. Blackrock Resources & Commodities Strategy Trust has a fifty-two week low of $8.25 and a fifty-two week high of $10.40.
Blackrock Resources & Commodities Strategy Trust Increases Dividend
The firm also recently announced a monthly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were issued a $0.052 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 7.40%. The ex-dividend date of this dividend was Wednesday, February 14th. This is an increase from Blackrock Resources & Commodities Strategy Trust’s previous monthly dividend of $0.05.
About Blackrock Resources & Commodities Strategy Trust
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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