BlackRock Science and Technology Trust (NYSE:BST) Short Interest Update

BlackRock Science and Technology Trust (NYSE:BST) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 56,400 shares, an increase of 889.5% from the September 30th total of 5,700 shares. Based on an average daily volume of 143,700 shares, the short-interest ratio is presently 0.4 days.

BlackRock Science and Technology Trust Stock Performance

BST stock traded down $0.05 during trading on Friday, hitting $36.36. The company had a trading volume of 91,232 shares, compared to its average volume of 115,207. The firm has a 50-day moving average price of $35.30 and a 200-day moving average price of $35.81. BlackRock Science and Technology Trust has a 12 month low of $29.62 and a 12 month high of $39.01.

BlackRock Science and Technology Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.25 per share. This represents a $3.00 annualized dividend and a dividend yield of 8.25%. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Trading of BlackRock Science and Technology Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC acquired a new stake in shares of BlackRock Science and Technology Trust during the 1st quarter worth approximately $25,000. Larson Financial Group LLC grew its holdings in BlackRock Science and Technology Trust by 396.5% during the 1st quarter. Larson Financial Group LLC now owns 993 shares of the company’s stock worth $37,000 after acquiring an additional 793 shares during the period. Mirador Capital Partners LP acquired a new stake in BlackRock Science and Technology Trust during the 1st quarter worth $277,000. Hartline Investment Corp bought a new stake in shares of BlackRock Science and Technology Trust during the 1st quarter valued at $278,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of BlackRock Science and Technology Trust in the 2nd quarter valued at $326,000.

About BlackRock Science and Technology Trust

BlackRock Science and Technology Trust is a closed ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests directly and indirectly through derivative such as options in public equity markets of countries across the globe. The fund seeks to invest in stocks of companies operating across the science and technology sector.