Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Short Interest Down 53.9% in August

by · The Markets Daily

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX – Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 49,316 shares, a decline of 53.9% from the August 15th total of 106,937 shares. Based on an average daily volume of 166,774 shares, the days-to-cover ratio is presently 0.3 days.

Blackrock Resources & Commodities Strategy Trust Price Performance

Shares of NYSE:BCX traded down $0.34 during mid-day trading on Wednesday, reaching $12.39. The stock had a trading volume of 150,902 shares, compared to its average volume of 222,458. The business’s 50 day moving average price is $12.37 and its 200 day moving average price is $12.16. Blackrock Resources & Commodities Strategy Trust has a 1 year low of $9.68 and a 1 year high of $13.86.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be paid a $0.0697 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a c) dividend on an annualized basis and a yield of 6.7%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Allied Private Wealth LLC bought a new stake in Blackrock Resources & Commodities Strategy Trust in the second quarter worth $28,000. IFP Advisors Inc bought a new position in Blackrock Resources & Commodities Strategy Trust during the fourth quarter valued at $30,000. Harbour Investments Inc. purchased a new position in shares of Blackrock Resources & Commodities Strategy Trust in the 4th quarter worth $43,000. Blue Bell Private Wealth Management LLC grew its stake in shares of Blackrock Resources & Commodities Strategy Trust by 12.8% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 7,945 shares of the investment management company’s stock worth $90,000 after buying an additional 900 shares in the last quarter. Finally, Summit Securities Group LLC bought a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the 1st quarter worth about $119,000.

About Blackrock Resources & Commodities Strategy Trust

(Get Free Report)

BlackRock Resources & Commodities Strategy Trust (NYSE: BCX) is a closed-end management investment company focused on achieving total return through exposure to global commodities and natural resource sectors. Listed on the New York Stock Exchange, the trust offers investors a vehicle for diversified access to commodity markets, including energy, agriculture, metals and minerals, as well as related equities. By packaging multiple exposure strategies within a single portfolio, BCX seeks to deliver returns that are uncorrelated with traditional equity and fixed-income benchmarks.

The trust pursues its objectives through a combination of direct and indirect instruments.

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