BlackRock Science and Technology Trust (NYSE:BST) Sees Large Increase in Short Interest

BlackRock Science and Technology Trust (NYSE:BST) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 7,700 shares, a growth of 185.2% from the December 15th total of 2,700 shares. Based on an average daily volume of 109,700 shares, the short-interest ratio is presently 0.1 days.

BlackRock Science and Technology Trust Stock Up 1.1 %

BlackRock Science and Technology Trust stock opened at $37.22 on Thursday. BlackRock Science and Technology Trust has a 12-month low of $31.38 and a 12-month high of $39.01. The firm’s 50-day moving average is $37.00 and its two-hundred day moving average is $36.12.

BlackRock Science and Technology Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $0.25 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $3.00 annualized dividend and a dividend yield of 8.06%.

Institutional Investors Weigh In On BlackRock Science and Technology Trust

Hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC boosted its position in shares of BlackRock Science and Technology Trust by 3.4% in the third quarter. HighTower Advisors LLC now owns 31,058 shares of the company’s stock worth $1,098,000 after acquiring an additional 1,031 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of BlackRock Science and Technology Trust by 7.6% in the second quarter. Cetera Investment Advisers now owns 45,628 shares of the company’s stock worth $1,718,000 after acquiring an additional 3,232 shares during the last quarter. Truist Financial Corp boosted its position in shares of BlackRock Science and Technology Trust by 4.8% in the second quarter. Truist Financial Corp now owns 33,261 shares of the company’s stock worth $1,253,000 after acquiring an additional 1,516 shares during the last quarter. Stolper Co boosted its position in shares of BlackRock Science and Technology Trust by 3.0% in the third quarter. Stolper Co now owns 17,563 shares of the company’s stock worth $622,000 after acquiring an additional 513 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in shares of BlackRock Science and Technology Trust by 15.4% in the second quarter. Oppenheimer & Co. Inc. now owns 37,648 shares of the company’s stock worth $1,418,000 after acquiring an additional 5,026 shares during the last quarter.

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.