Short Interest in BlackRock Energy and Resources Trust (NYSE:BGR) Grows By 14.5%

BlackRock Energy and Resources Trust (NYSE:BGR) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 67,200 shares, a growth of 14.5% from the November 30th total of 58,700 shares. Based on an average daily trading volume, of 97,600 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BGR. Creative Planning bought a new position in BlackRock Energy and Resources Trust during the second quarter worth $416,000. Raymond James & Associates lifted its position in shares of BlackRock Energy and Resources Trust by 43.8% in the 2nd quarter. Raymond James & Associates now owns 197,536 shares of the company’s stock worth $2,611,000 after buying an additional 60,177 shares during the last quarter. Moors & Cabot Inc. bought a new stake in shares of BlackRock Energy and Resources Trust during the 3rd quarter valued at about $137,000. NBC Securities Inc. raised its stake in BlackRock Energy and Resources Trust by 19.6% during the third quarter. NBC Securities Inc. now owns 9,164 shares of the company’s stock worth $118,000 after acquiring an additional 1,500 shares during the period. Finally, City of London Investment Management Co. Ltd. grew its holdings in shares of BlackRock Energy and Resources Trust by 19.9% during the second quarter. City of London Investment Management Co. Ltd. now owns 1,581,597 shares of the company’s stock valued at $20,909,000 after purchasing an additional 262,451 shares during the last quarter.

BlackRock Energy and Resources Trust Trading Up 0.8 %

BlackRock Energy and Resources Trust stock traded up $0.10 during mid-day trading on Wednesday, reaching $12.61. The company had a trading volume of 144,131 shares, compared to its average volume of 83,960. The stock’s 50-day simple moving average is $13.21 and its 200-day simple moving average is $13.06. BlackRock Energy and Resources Trust has a 1 year low of $11.86 and a 1 year high of $13.85.

BlackRock Energy and Resources Trust Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 16th were paid a dividend of $0.0973 per share. This represents a $1.17 annualized dividend and a yield of 9.26%. The ex-dividend date was Monday, December 16th.

About BlackRock Energy and Resources Trust

BlackRock Energy and Resources Trust is a closed-ended equity mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. It invests in public equity markets across the globe, with an emphasis on the United States. The fund seeks to invest in stocks of companies operating in the energy and natural resources sectors.