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

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 245,200 shares, a growth of 120.9% from the December 31st total of 111,000 shares. Based on an average trading volume of 764,400 shares, the short-interest ratio is currently 0.3 days.

Insider Activity at BlackRock Innovation and Growth Term Trust

In other news, major shareholder Saba Capital Management, L.P. bought 185,716 shares of the stock in a transaction dated Wednesday, December 4th. The stock was purchased at an average cost of $8.07 per share, for a total transaction of $1,498,728.12. Following the transaction, the insider now owns 58,448,770 shares of the company’s stock, valued at $471,681,573.90. The trade was a 0.32 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders purchased 2,325,961 shares of company stock valued at $18,127,612.

Hedge Funds Weigh In On BlackRock Innovation and Growth Term Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Captrust Financial Advisors raised its position in BlackRock Innovation and Growth Term Trust by 4.8% in the 3rd quarter. Captrust Financial Advisors now owns 32,800 shares of the company’s stock worth $248,000 after purchasing an additional 1,500 shares during the period. Jane Street Group LLC boosted its holdings in BlackRock Innovation and Growth Term Trust by 421.8% during the 3rd quarter. Jane Street Group LLC now owns 61,072 shares of the company’s stock valued at $461,000 after acquiring an additional 49,367 shares during the period. SeaCrest Wealth Management LLC bought a new position in BlackRock Innovation and Growth Term Trust in the 4th quarter valued at $110,000. International Assets Investment Management LLC purchased a new stake in BlackRock Innovation and Growth Term Trust in the third quarter worth $1,690,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of BlackRock Innovation and Growth Term Trust during the second quarter worth $1,401,000.

BlackRock Innovation and Growth Term Trust Price Performance

Shares of NYSE:BIGZ opened at $8.21 on Friday. The firm has a fifty day simple moving average of $7.82 and a two-hundred day simple moving average of $7.57. BlackRock Innovation and Growth Term Trust has a 52 week low of $6.66 and a 52 week high of $8.31.

BlackRock Innovation and Growth Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.0868 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.04 dividend on an annualized basis and a yield of 12.70%.

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.