Short Interest in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Grows By 37.1%

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 150,400 shares, a growth of 37.1% from the February 13th total of 109,700 shares. Based on an average daily trading volume, of 315,100 shares, the days-to-cover ratio is currently 0.5 days.

Blackrock Resources & Commodities Strategy Trust Stock Performance

Shares of Blackrock Resources & Commodities Strategy Trust stock traded up $0.17 during trading on Monday, hitting $9.26. The stock had a trading volume of 159,341 shares, compared to its average volume of 233,007. The stock has a 50 day simple moving average of $9.06 and a 200 day simple moving average of $9.17. Blackrock Resources & Commodities Strategy Trust has a 1 year low of $8.41 and a 1 year high of $9.74.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.0697 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 9.04%. The ex-dividend date of this dividend is Friday, March 14th.

Hedge Funds Weigh In On Blackrock Resources & Commodities Strategy Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Blackrock Resources & Commodities Strategy Trust in the 4th quarter valued at about $7,951,000. Sit Investment Associates Inc. grew its position in Blackrock Resources & Commodities Strategy Trust by 53.3% during the fourth quarter. Sit Investment Associates Inc. now owns 1,172,521 shares of the investment management company’s stock valued at $10,013,000 after purchasing an additional 407,467 shares in the last quarter. Rivernorth Capital Management LLC increased its stake in Blackrock Resources & Commodities Strategy Trust by 51.6% in the 3rd quarter. Rivernorth Capital Management LLC now owns 962,498 shares of the investment management company’s stock valued at $9,240,000 after buying an additional 327,507 shares during the period. Pathstone Holdings LLC lifted its position in Blackrock Resources & Commodities Strategy Trust by 58.2% in the 3rd quarter. Pathstone Holdings LLC now owns 779,152 shares of the investment management company’s stock worth $7,482,000 after buying an additional 286,553 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Blackrock Resources & Commodities Strategy Trust by 1.7% during the 4th quarter. Wells Fargo & Company MN now owns 4,897,562 shares of the investment management company’s stock valued at $41,825,000 after buying an additional 82,496 shares during the period.

Blackrock Resources & Commodities Strategy Trust Company Profile

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.