Blackrock Resources & Commodities Strategy Trust (NYSE:BCX – Get Free Report) saw a significant increase in short interest in May. As of May 15th, there was short interest totalling 26,900 shares, an increase of 7.2% from the April 30th total of 25,100 shares. Based on an average daily trading volume, of 298,100 shares, the short-interest ratio is currently 0.1 days.
Institutional Trading of Blackrock Resources & Commodities Strategy Trust
Hedge funds and other institutional investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 3.5% in the first quarter. Janney Montgomery Scott LLC now owns 35,043 shares of the investment management company’s stock valued at $318,000 after purchasing an additional 1,196 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in Blackrock Resources & Commodities Strategy Trust by 6.4% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 22,853 shares of the investment management company’s stock worth $203,000 after buying an additional 1,379 shares in the last quarter. Comerica Bank boosted its position in Blackrock Resources & Commodities Strategy Trust by 10.1% in the 1st quarter. Comerica Bank now owns 15,920 shares of the investment management company’s stock valued at $145,000 after buying an additional 1,466 shares during the last quarter. WNY Asset Management LLC increased its stake in shares of Blackrock Resources & Commodities Strategy Trust by 12.4% in the 4th quarter. WNY Asset Management LLC now owns 18,100 shares of the investment management company’s stock valued at $161,000 after buying an additional 2,000 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of Blackrock Resources & Commodities Strategy Trust by 4.8% in the 1st quarter. International Assets Investment Management LLC now owns 53,850 shares of the investment management company’s stock valued at $492,000 after buying an additional 2,462 shares during the period.
Blackrock Resources & Commodities Strategy Trust Stock Performance
NYSE BCX opened at $9.30 on Tuesday. The stock’s 50 day simple moving average is $9.27 and its 200 day simple moving average is $8.91. Blackrock Resources & Commodities Strategy Trust has a one year low of $8.25 and a one year high of $9.87.
Blackrock Resources & Commodities Strategy Trust Dividend Announcement
The firm also recently announced a monthly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.052 per share. This represents a $0.62 annualized dividend and a dividend yield of 6.71%. The ex-dividend date of this dividend was Tuesday, May 14th.
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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