Short Interest in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Grows By 141.7%

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 81,700 shares, an increase of 141.7% from the December 15th total of 33,800 shares. Based on an average daily trading volume, of 228,300 shares, the short-interest ratio is currently 0.4 days.

Blackrock Resources & Commodities Strategy Trust Stock Down 0.6 %

BCX traded down $0.06 on Thursday, hitting $9.15. The company had a trading volume of 80,391 shares, compared to its average volume of 245,450. Blackrock Resources & Commodities Strategy Trust has a 1 year low of $8.25 and a 1 year high of $9.74. The company’s fifty day moving average price is $9.06 and its 200 day moving average price is $9.21.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.0697 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.15%. The ex-dividend date is Wednesday, January 15th.

Hedge Funds Weigh In On Blackrock Resources & Commodities Strategy Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Private Advisor Group LLC raised its stake in shares of Blackrock Resources & Commodities Strategy Trust by 1.9% during the second quarter. Private Advisor Group LLC now owns 88,941 shares of the investment management company’s stock worth $817,000 after purchasing an additional 1,631 shares during the last quarter. Choreo LLC purchased a new position in Blackrock Resources & Commodities Strategy Trust in the second quarter worth $123,000. Oppenheimer & Co. Inc. lifted its holdings in Blackrock Resources & Commodities Strategy Trust by 54.8% in the second quarter. Oppenheimer & Co. Inc. now owns 170,644 shares of the investment management company’s stock valued at $1,568,000 after acquiring an additional 60,437 shares during the period. Creekside Partners purchased a new stake in shares of Blackrock Resources & Commodities Strategy Trust during the 2nd quarter worth $119,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Blackrock Resources & Commodities Strategy Trust during the 2nd quarter worth $1,632,000.

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.