Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Short Interest Up 122.9% in November

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) saw a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 102,100 shares, an increase of 122.9% from the November 15th total of 45,800 shares. Based on an average daily volume of 197,000 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new position in Blackrock Resources & Commodities Strategy Trust during the third quarter valued at approximately $35,000. Virtu Financial LLC purchased a new stake in shares of Blackrock Resources & Commodities Strategy Trust in the 3rd quarter valued at $99,000. Sigma Planning Corp purchased a new position in Blackrock Resources & Commodities Strategy Trust in the 3rd quarter worth $104,000. Cetera Advisors LLC purchased a new position in Blackrock Resources & Commodities Strategy Trust in the 1st quarter worth $100,000. Finally, Creekside Partners purchased a new stake in Blackrock Resources & Commodities Strategy Trust during the second quarter valued at about $119,000.

Blackrock Resources & Commodities Strategy Trust Price Performance

Shares of BCX opened at $9.19 on Friday. Blackrock Resources & Commodities Strategy Trust has a 1-year low of $8.25 and a 1-year high of $9.74. The firm’s 50 day simple moving average is $9.38 and its 200 day simple moving average is $9.26.

Blackrock Resources & Commodities Strategy Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 16th will be given a dividend of $0.0697 per share. This represents a $0.84 annualized dividend and a dividend yield of 9.10%. The ex-dividend date is Monday, December 16th.

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.