Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Short Interest Up 141.7% in January

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 81,700 shares, an increase of 141.7% from the December 31st total of 33,800 shares. Based on an average daily volume of 228,300 shares, the days-to-cover ratio is presently 0.4 days.

Blackrock Resources & Commodities Strategy Trust Trading Down 0.4 %

BCX traded down $0.04 on Thursday, hitting $9.02. 816,963 shares of the stock were exchanged, compared to its average volume of 301,498. Blackrock Resources & Commodities Strategy Trust has a 12 month low of $8.25 and a 12 month high of $9.74. The business has a 50-day moving average of $9.04 and a two-hundred day moving average of $9.20.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a $0.0697 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.28%.

Institutional Trading of Blackrock Resources & Commodities Strategy Trust

Several institutional investors have recently added to or reduced their stakes in BCX. HighTower Advisors LLC purchased a new stake in Blackrock Resources & Commodities Strategy Trust in the 3rd quarter valued at $145,000. Raymond James & Associates increased its holdings in Blackrock Resources & Commodities Strategy Trust by 0.4% during the 3rd quarter. Raymond James & Associates now owns 415,390 shares of the investment management company’s stock worth $3,988,000 after acquiring an additional 1,633 shares during the period. International Assets Investment Management LLC boosted its holdings in Blackrock Resources & Commodities Strategy Trust by 860.3% in the 3rd 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. Rivernorth Capital Management LLC increased its holdings in shares of Blackrock Resources & Commodities Strategy Trust by 51.6% in the third quarter. Rivernorth Capital Management LLC now owns 962,498 shares of the investment management company’s stock worth $9,240,000 after purchasing an additional 327,507 shares during the period. Finally, Creekside Partners bought a new position in shares of Blackrock Resources & Commodities Strategy Trust in the second quarter worth $119,000.

About Blackrock Resources & Commodities Strategy Trust

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.