Short Interest in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Declines By 72.9%

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Blackrock Resources & Commodities Strategy Trust (NYSE:BCXGet Rating) was the recipient of a significant decline in short interest in May. As of May 31st, there was short interest totalling 26,700 shares, a decline of 72.9% from the May 15th total of 98,500 shares. Based on an average daily volume of 332,200 shares, the short-interest ratio is currently 0.1 days.

A number of hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC grew its position in Blackrock Resources & Commodities Strategy Trust by 11.3% in the first quarter. Lazard Asset Management LLC now owns 2,528,844 shares of the investment management company’s stock worth $27,918,000 after acquiring an additional 256,075 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in Blackrock Resources & Commodities Strategy Trust by 4.5% during the 4th quarter. Parametric Portfolio Associates LLC now owns 2,117,859 shares of the investment management company’s stock valued at $19,802,000 after purchasing an additional 91,987 shares during the last quarter. Morgan Stanley raised its stake in Blackrock Resources & Commodities Strategy Trust by 3.8% during the 2nd quarter. Morgan Stanley now owns 1,821,458 shares of the investment management company’s stock valued at $17,158,000 after purchasing an additional 66,328 shares during the last quarter. Invesco Ltd. raised its stake in Blackrock Resources & Commodities Strategy Trust by 9.5% during the 4th quarter. Invesco Ltd. now owns 1,375,706 shares of the investment management company’s stock valued at $12,863,000 after purchasing an additional 119,497 shares during the last quarter. Finally, Raymond James & Associates raised its stake in Blackrock Resources & Commodities Strategy Trust by 1.8% during the 1st quarter. Raymond James & Associates now owns 1,178,295 shares of the investment management company’s stock valued at $13,008,000 after purchasing an additional 20,484 shares during the last quarter.

BCX traded down $0.07 on Friday, reaching $11.03. 331,219 shares of the company traded hands, compared to its average volume of 344,613. The stock’s 50 day moving average price is $10.89 and its 200-day moving average price is $10.24. Blackrock Resources & Commodities Strategy Trust has a 52-week low of $8.24 and a 52-week high of $11.62.

The firm also recently announced a monthly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be given a $0.045 dividend. This represents a $0.54 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend is Tuesday, June 14th.

Blackrock Resources & Commodities Strategy Trust Company Profile (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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