BlackRock Energy and Resources Trust (NYSE:BGR – Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 37,100 shares, an increase of 105.0% from the June 30th total of 18,100 shares. Based on an average daily trading volume, of 71,300 shares, the short-interest ratio is presently 0.5 days.
BlackRock Energy and Resources Trust Price Performance
Shares of BGR traded down $0.04 during midday trading on Friday, hitting $13.09. The company had a trading volume of 67,314 shares, compared to its average volume of 74,918. The company’s 50 day moving average price is $13.07 and its 200 day moving average price is $12.87. BlackRock Energy and Resources Trust has a 52 week low of $11.86 and a 52 week high of $13.68.
BlackRock Energy and Resources Trust Cuts Dividend
The company also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be paid a $0.0657 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a $0.79 dividend on an annualized basis and a yield of 6.02%.
Institutional Trading of BlackRock Energy and Resources Trust
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.
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