BlackRock Energy and Resources Trust (NYSE:BGR – Get Rating) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 65,900 shares, a growth of 20.5% from the November 30th total of 54,700 shares. Based on an average daily volume of 117,600 shares, the short-interest ratio is currently 0.6 days.
BlackRock Energy and Resources Trust Stock Up 1.5 %
Shares of NYSE:BGR opened at $12.53 on Friday. The stock's 50-day moving average price is $12.64 and its 200-day moving average price is $11.76. BlackRock Energy and Resources Trust has a 12-month low of $9.37 and a 12-month high of $13.72.
Get BlackRock Energy and Resources Trust alerts:BlackRock Energy and Resources Trust Announces Dividend
The business also recently disclosed a monthly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 16th were paid a dividend of $0.058 per share. The ex-dividend date of this dividend was Thursday, December 15th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.55%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC grew its stake in shares of BlackRock Energy and Resources Trust by 37.9% during the third quarter. Global Retirement Partners LLC now owns 3,448 shares of the company's stock valued at $45,000 after buying an additional 948 shares during the last quarter. Apollon Wealth Management LLC grew its stake in shares of BlackRock Energy and Resources Trust by 3.0% in the third quarter. Apollon Wealth Management LLC now owns 34,704 shares of the company's stock worth $374,000 after purchasing an additional 1,027 shares during the last quarter. Guggenheim Capital LLC grew its stake in shares of BlackRock Energy and Resources Trust by 4.0% in the third quarter. Guggenheim Capital LLC now owns 37,318 shares of the company's stock worth $402,000 after purchasing an additional 1,425 shares during the last quarter. MML Investors Services LLC grew its stake in shares of BlackRock Energy and Resources Trust by 8.6% in the third quarter. MML Investors Services LLC now owns 19,564 shares of the company's stock worth $211,000 after purchasing an additional 1,554 shares during the last quarter. Finally, Moors & Cabot Inc. grew its stake in shares of BlackRock Energy and Resources Trust by 17.3% in the first quarter. Moors & Cabot Inc. now owns 13,583 shares of the company's stock worth $158,000 after purchasing an additional 2,000 shares during the last quarter.About BlackRock Energy and Resources Trust
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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.
Further Reading
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