Short Interest in BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Expands By 7.8%

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 156,500 shares, a growth of 7.8% from the November 30th total of 145,200 shares. Based on an average daily trading volume, of 642,200 shares, the short-interest ratio is presently 0.2 days.

Insider Activity at BlackRock Innovation and Growth Term Trust

In related news, major shareholder Saba Capital Management, L.P. purchased 279,479 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average cost of $7.45 per share, for a total transaction of $2,082,118.55. Following the acquisition, the insider now owns 60,047,827 shares in the company, valued at approximately $447,356,311.15. This trade represents a 0.47 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have acquired 2,657,920 shares of company stock worth $20,632,146.

Institutional Trading of BlackRock Innovation and Growth Term Trust

Several large investors have recently bought and sold shares of BIGZ. Captrust Financial Advisors lifted its position in shares of BlackRock Innovation and Growth Term Trust by 4.8% during the third quarter. Captrust Financial Advisors now owns 32,800 shares of the company’s stock worth $248,000 after purchasing an additional 1,500 shares in the last quarter. International Assets Investment Management LLC acquired a new position in BlackRock Innovation and Growth Term Trust in the 3rd quarter worth $1,690,000. Blue Bell Private Wealth Management LLC boosted its position in BlackRock Innovation and Growth Term Trust by 56.9% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 368,889 shares of the company’s stock valued at $2,667,000 after buying an additional 133,761 shares during the last quarter. PFG Investments LLC grew its stake in shares of BlackRock Innovation and Growth Term Trust by 75.1% during the second quarter. PFG Investments LLC now owns 23,538 shares of the company’s stock valued at $170,000 after acquiring an additional 10,099 shares in the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of BlackRock Innovation and Growth Term Trust during the second quarter valued at about $75,000.

BlackRock Innovation and Growth Term Trust Price Performance

Shares of NYSE BIGZ traded down $0.01 on Wednesday, hitting $7.44. The company had a trading volume of 1,277,783 shares, compared to its average volume of 713,900. BlackRock Innovation and Growth Term Trust has a 12-month low of $6.66 and a 12-month high of $8.25. The business has a 50 day moving average of $7.73 and a two-hundred day moving average of $7.49.

BlackRock Innovation and Growth Term Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 16th were issued a $0.0868 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 13.99%. The ex-dividend date of this dividend was Monday, December 16th.

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.