Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Short Interest Update

by · The Cerbat Gem

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX – Get Free Report) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 21,466 shares, a decline of 56.4% from the June 15th total of 49,243 shares. Based on an average daily trading volume, of 314,812 shares, the days-to-cover ratio is presently 0.1 days.

Blackrock Resources & Commodities Strategy Trust Stock Down 0.2%

BCX traded down $0.03 during trading on Thursday, hitting $11.47. The company’s stock had a trading volume of 60,738 shares, compared to its average volume of 242,004. Blackrock Resources & Commodities Strategy Trust has a one year low of $9.40 and a one year high of $13.86. The business’s 50 day simple moving average is $11.74 and its 200-day simple moving average is $12.06.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.0697 dividend. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Tuesday, September 15th.

Hedge Funds Weigh In On Blackrock Resources & Commodities Strategy Trust

Several institutional investors and hedge funds have recently bought and sold shares of BCX. Moors & Cabot Inc. lifted its position in shares of Blackrock Resources & Commodities Strategy Trust by 9.7% in the third quarter. Moors & Cabot Inc. now owns 11,400 shares of the investment management company’s stock valued at $116,000 after acquiring an additional 1,005 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its position in shares of Blackrock Resources & Commodities Strategy Trust by 1.8% during the first quarter. Nations Financial Group Inc. IA ADV now owns 58,246 shares of the investment management company’s stock worth $702,000 after purchasing an additional 1,027 shares in the last quarter. Fiduciary Financial Group LLC grew its position in shares of Blackrock Resources & Commodities Strategy Trust by 3.2% during the second quarter. Fiduciary Financial Group LLC now owns 36,687 shares of the investment management company’s stock worth $415,000 after purchasing an additional 1,149 shares in the last quarter. Cetera Investment Advisers raised its stake in Blackrock Resources & Commodities Strategy Trust by 2.1% during the 4th quarter. Cetera Investment Advisers now owns 77,694 shares of the investment management company’s stock valued at $853,000 after purchasing an additional 1,592 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in Blackrock Resources & Commodities Strategy Trust by 23.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 9,200 shares of the investment management company’s stock valued at $87,000 after purchasing an additional 1,758 shares during the period.

Blackrock Resources & Commodities Strategy Trust Company Profile

(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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