Short Interest in Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) Drops By 5.6%

Blackrock Resources & Commodities Strategy Trust (NYSE:BCX) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 123,900 shares, a decrease of 5.6% from the January 15th total of 131,200 shares. Based on an average daily volume of 299,100 shares, the days-to-cover ratio is presently 0.4 days.

Blackrock Resources & Commodities Strategy Trust Price Performance

Shares of NYSE:BCX opened at $9.24 on Thursday. Blackrock Resources & Commodities Strategy Trust has a one year low of $8.25 and a one year high of $9.74. The firm has a 50 day simple moving average of $8.96 and a 200 day simple moving average of $9.17.

Blackrock Resources & Commodities Strategy Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.0697 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.06%. The ex-dividend date of this dividend is Friday, February 14th.

Institutional Investors Weigh In On Blackrock Resources & Commodities Strategy Trust

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Blackrock Resources & Commodities Strategy Trust in the 4th quarter worth about $7,951,000. International Assets Investment Management LLC increased its stake in shares of Blackrock Resources & Commodities Strategy Trust by 860.3% in the third quarter. International Assets Investment Management LLC now owns 517,271 shares of the investment management company’s stock valued at $53,882,000 after buying an additional 463,405 shares during the period. Sit Investment Associates Inc. increased its stake in shares of Blackrock Resources & Commodities Strategy Trust by 53.3% in the fourth quarter. Sit Investment Associates Inc. now owns 1,172,521 shares of the investment management company’s stock valued at $10,013,000 after buying an additional 407,467 shares during the period. Rivernorth Capital Management LLC raised its holdings in Blackrock Resources & Commodities Strategy Trust by 51.6% in the 3rd quarter. Rivernorth Capital Management LLC now owns 962,498 shares of the investment management company’s stock valued at $9,240,000 after buying an additional 327,507 shares during the last quarter. Finally, Pathstone Holdings LLC boosted its position in Blackrock Resources & Commodities Strategy Trust by 58.2% during the 3rd quarter. Pathstone Holdings LLC now owns 779,152 shares of the investment management company’s stock worth $7,482,000 after buying an additional 286,553 shares during the period.

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.