BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Short Interest Update

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 213,500 shares, an increase of 7.7% from the October 15th total of 198,200 shares. Based on an average daily volume of 588,900 shares, the days-to-cover ratio is presently 0.4 days.

Insider Buying and Selling

In other BlackRock Innovation and Growth Term Trust news, major shareholder Saba Capital Management, L.P. acquired 83,524 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was purchased at an average price of $7.27 per share, with a total value of $607,219.48. Following the completion of the purchase, the insider now directly owns 54,558,121 shares in the company, valued at approximately $396,637,539.67. The trade was a 0.15 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have purchased 1,549,771 shares of company stock valued at $11,707,832.

Institutional Investors Weigh In On BlackRock Innovation and Growth Term Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its holdings in shares of BlackRock Innovation and Growth Term Trust by 9.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 69,186 shares of the company’s stock worth $563,000 after buying an additional 6,202 shares during the period. Karpus Management Inc. grew its position in shares of BlackRock Innovation and Growth Term Trust by 24.2% in the 1st quarter. Karpus Management Inc. now owns 1,495,480 shares of the company’s stock worth $12,173,000 after buying an additional 291,622 shares during the last quarter. Prudent Investors Network Inc. bought a new position in shares of BlackRock Innovation and Growth Term Trust during the 1st quarter worth approximately $174,000. B. Riley Wealth Advisors Inc. lifted its position in BlackRock Innovation and Growth Term Trust by 14.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 38,560 shares of the company’s stock valued at $314,000 after acquiring an additional 4,810 shares during the last quarter. Finally, Dakota Wealth Management grew its holdings in BlackRock Innovation and Growth Term Trust by 9.4% in the second quarter. Dakota Wealth Management now owns 21,217 shares of the company’s stock worth $153,000 after purchasing an additional 1,824 shares during the last quarter.

BlackRock Innovation and Growth Term Trust Stock Performance

NYSE BIGZ opened at $7.55 on Tuesday. BlackRock Innovation and Growth Term Trust has a 1-year low of $6.66 and a 1-year high of $8.25. The business has a 50 day simple moving average of $7.57 and a two-hundred day simple moving average of $7.41.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.0863 dividend. This represents a $1.04 annualized dividend and a dividend yield of 13.72%. The ex-dividend date of this dividend is Friday, November 15th.

BlackRock Innovation and Growth Term Trust Company Profile

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.