BlackRock Science and Technology Trust (NYSE:BST) Short Interest Up 28.5% in September

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BlackRock Science and Technology Trust (NYSE:BST) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 41,500 shares, a growth of 28.5% from the September 15th total of 32,300 shares. Based on an average trading volume of 98,000 shares, the days-to-cover ratio is presently 0.4 days.

BlackRock Science and Technology Trust stock traded down $0.79 during midday trading on Friday, reaching $44.69. The stock had a trading volume of 92,412 shares, compared to its average volume of 127,508. BlackRock Science and Technology Trust has a twelve month low of $22.41 and a twelve month high of $46.26. The stock’s 50-day simple moving average is $42.51 and its 200 day simple moving average is $37.88.

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be issued a $0.187 dividend. This is a positive change from BlackRock Science and Technology Trust’s previous monthly dividend of $0.17. This represents a $2.24 annualized dividend and a yield of 5.02%. The ex-dividend date of this dividend is Wednesday, October 14th.

A number of institutional investors have recently made changes to their positions in BST. Karpus Management Inc. bought a new stake in BlackRock Science and Technology Trust in the first quarter valued at about $8,414,000. Wells Fargo & Company MN boosted its stake in BlackRock Science and Technology Trust by 8.1% in the first quarter. Wells Fargo & Company MN now owns 760,741 shares of the company’s stock valued at $21,825,000 after acquiring an additional 56,741 shares during the period. Advisor Group Holdings Inc. acquired a new position in BlackRock Science and Technology Trust in the first quarter valued at approximately $1,216,000. Raymond James Financial Services Advisors Inc. boosted its stake in BlackRock Science and Technology Trust by 5.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 464,250 shares of the company’s stock valued at $17,553,000 after acquiring an additional 25,885 shares during the period. Finally, Invesco Ltd. boosted its stake in BlackRock Science and Technology Trust by 11.1% in the first quarter. Invesco Ltd. now owns 248,177 shares of the company’s stock valued at $7,120,000 after acquiring an additional 24,696 shares during the period.

BlackRock Science and Technology Trust Company Profile

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.

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