Short Interest in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Declines By 7.5%

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) saw a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 45,800 shares, a drop of 7.5% from the October 31st total of 49,500 shares. Based on an average daily trading volume, of 198,100 shares, the short-interest ratio is currently 0.2 days.

Blackrock Resources & Commodities Strategy Trust Price Performance

Blackrock Resources & Commodities Strategy Trust stock traded down $0.06 during mid-day trading on Wednesday, reaching $9.31. 129,452 shares of the company were exchanged, compared to its average volume of 245,968. Blackrock Resources & Commodities Strategy Trust has a 12 month low of $8.25 and a 12 month high of $9.74. The company has a fifty day simple moving average of $9.43 and a 200-day simple moving average of $9.27.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 16th will be given a dividend of $0.0697 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.84 annualized dividend and a dividend yield of 8.98%.

Institutional Investors Weigh In On Blackrock Resources & Commodities Strategy Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC grew its holdings in Blackrock Resources & Commodities Strategy Trust by 860.3% during the third quarter. International Assets Investment Management LLC now owns 517,271 shares of the investment management company’s stock valued at $53,882,000 after purchasing an additional 463,405 shares during the period. Allspring Global Investments Holdings LLC raised its position in Blackrock Resources & Commodities Strategy Trust by 19.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,498,989 shares of the investment management company’s stock valued at $22,966,000 after purchasing an additional 409,593 shares in the last quarter. Rivernorth Capital Management LLC raised its position in Blackrock Resources & Commodities Strategy Trust by 51.6% during the third quarter. Rivernorth Capital Management LLC now owns 962,498 shares of the investment management company’s stock valued at $9,240,000 after purchasing an additional 327,507 shares in the last quarter. Pathstone Holdings LLC increased its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 58.2% in the third quarter. Pathstone Holdings LLC now owns 779,152 shares of the investment management company’s stock worth $7,482,000 after buying an additional 286,553 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of Blackrock Resources & Commodities Strategy Trust in the second quarter worth about $1,632,000.

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.