Commodities

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Short Interest Up 124.9% in May


Blackrock Resources & Commodities Strategy Trust (NYSE:BCXGet Rating) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 98,500 shares, an increase of 124.9% from the April 30th total of 43,800 shares. Based on an average daily volume of 368,500 shares, the days-to-cover ratio is presently 0.3 days.

NYSE BCX traded up $0.04 on Friday, reaching $10.64. The stock had a trading volume of 971 shares, compared to its average volume of 357,696. Blackrock Resources & Commodities Strategy Trust has a 12-month low of $8.24 and a 12-month high of $11.62. The stock has a fifty day moving average price of $10.91 and a two-hundred day moving average price of $10.14.

The company also recently announced a monthly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th will be given a $0.045 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date is Friday, May 13th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Morgan Stanley increased its position in shares of Blackrock Resources & Commodities Strategy Trust by 3.8% during the second quarter. Morgan Stanley now owns 1,821,458 shares of the investment management company’s stock worth $17,158,000 after acquiring an additional 66,328 shares during the period. Creative Planning increased its position in shares of Blackrock Resources & Commodities Strategy Trust by 4.3% during the third quarter. Creative Planning now owns 28,223 shares of the investment management company’s stock worth $252,000 after acquiring an additional 1,172 shares during the period. Mercer Global Advisors Inc. ADV increased its position in shares of Blackrock Resources & Commodities Strategy Trust by 11.0% during the third quarter. Mercer Global Advisors Inc. ADV now owns 106,603 shares of the investment management company’s stock worth $952,000 after acquiring an additional 10,592 shares during the period. Wolverine Asset Management LLC purchased a new stake in shares of Blackrock Resources & Commodities Strategy Trust during the third quarter worth $783,000. Finally, FourThought Financial LLC increased its position in shares of Blackrock Resources & Commodities Strategy Trust by 61.7% during the third quarter. FourThought Financial LLC now owns 66,690 shares of the investment management company’s stock worth $595,000 after acquiring an additional 25,453 shares during the period.

About Blackrock Resources & Commodities Strategy Trust (Get Rating)

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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