BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Short Interest Up 119.4% in July

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totalling 118,900 shares, a growth of 119.4% from the June 30th total of 54,200 shares. Based on an average daily trading volume, of 740,100 shares, the short-interest ratio is presently 0.2 days.

Insider Buying and Selling at BlackRock Innovation and Growth Term Trust

In other BlackRock Innovation and Growth Term Trust news, major shareholder Saba Capital Management, L.P. acquired 42,236 shares of the company’s stock in a transaction on Friday, July 5th. The shares were purchased at an average cost of $7.38 per share, with a total value of $311,701.68. Following the completion of the purchase, the insider now owns 52,553,522 shares of the company’s stock, valued at $387,844,992.36. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have acquired 1,246,121 shares of company stock valued at $9,201,141.

Institutional Trading of BlackRock Innovation and Growth Term Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Thompson Investment Management Inc. purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the first quarter worth about $33,000. Register Financial Advisors LLC purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the first quarter worth about $53,000. Tempus Wealth Planning LLC purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the second quarter worth about $76,000. Skyline Advisors Inc. purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the fourth quarter worth about $98,000. Finally, Successful Portfolios LLC purchased a new position in shares of BlackRock Innovation and Growth Term Trust in the fourth quarter worth about $108,000.

BlackRock Innovation and Growth Term Trust Stock Performance

Shares of BIGZ stock traded up $0.02 on Friday, hitting $7.25. The stock had a trading volume of 723,402 shares, compared to its average volume of 736,637. The business has a 50 day moving average of $7.36 and a 200 day moving average of $7.56. BlackRock Innovation and Growth Term Trust has a 12-month low of $6.21 and a 12-month high of $8.35.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 15th will be issued a $0.0885 dividend. The ex-dividend date is Monday, July 15th. This represents a $1.06 annualized dividend and a dividend yield of 14.64%.

About BlackRock Innovation and Growth Term Trust

BlackRock Innovation and Growth Term Trust is a mutual fund launched by BlackRock, Inc and managed by BlackRock Advisors, LLC. BlackRock Innovation and Growth Term Trust is based in United States.