Blackrock Resources & Commodities Strategy Trust (NYSE:BCX – Get Rating) was the target of a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 48,100 shares, a growth of 174.9% from the July 31st total of 17,500 shares. Based on an average daily volume of 312,800 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Trading of Blackrock Resources & Commodities Strategy Trust
Several institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC raised its holdings in Blackrock Resources & Commodities Strategy Trust by 11.3% in the first quarter. Lazard Asset Management LLC now owns 2,528,844 shares of the investment management company's stock valued at $27,918,000 after acquiring an additional 256,075 shares in the last quarter. Invesco Ltd. raised its holdings in Blackrock Resources & Commodities Strategy Trust by 9.5% in the fourth quarter. Invesco Ltd. now owns 1,375,706 shares of the investment management company's stock valued at $12,863,000 after acquiring an additional 119,497 shares in the last quarter. Raymond James & Associates raised its holdings in Blackrock Resources & Commodities Strategy Trust by 1.8% in the first quarter. Raymond James & Associates now owns 1,178,295 shares of the investment management company's stock valued at $13,008,000 after acquiring an additional 20,484 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Blackrock Resources & Commodities Strategy Trust by 13.9% in the second quarter. Commonwealth Equity Services LLC now owns 1,033,493 shares of the investment management company's stock valued at $9,280,000 after acquiring an additional 125,878 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in Blackrock Resources & Commodities Strategy Trust by 4.3% in the first quarter. Royal Bank of Canada now owns 993,069 shares of the investment management company's stock valued at $10,964,000 after acquiring an additional 41,012 shares in the last quarter.
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Blackrock Resources & Commodities Strategy Trust Stock Performance
Shares of BCX stock opened at $9.65 on Friday. The firm has a fifty day simple moving average of $9.00 and a 200-day simple moving average of $10.09. Blackrock Resources & Commodities Strategy Trust has a twelve month low of $7.91 and a twelve month high of $11.62.
Blackrock Resources & Commodities Strategy Trust Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Wednesday, August 31st. Investors of record on Monday, August 15th will be issued a $0.045 dividend. The ex-dividend date is Friday, August 12th. This represents a $0.54 annualized dividend and a yield of 5.60%.
Blackrock Resources & Commodities Strategy Trust Company Profile
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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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