BlackRock Science and Technology Trust (NYSE:BST – Get Rating) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 25,100 shares, a drop of 76.7% from the March 15th total of 107,600 shares. Based on an average daily volume of 180,100 shares, the days-to-cover ratio is presently 0.1 days.
Shares of NYSE:BST traded up $0.45 during midday trading on Wednesday, hitting $40.85. The company’s stock had a trading volume of 381 shares, compared to its average volume of 181,423. The stock’s 50 day simple moving average is $42.94 and its 200 day simple moving average is $48.09. BlackRock Science and Technology Trust has a fifty-two week low of $38.55 and a fifty-two week high of $61.70.
The company also recently announced a monthly dividend, which will be paid on Friday, April 29th. Investors of record on Thursday, April 14th will be given a dividend of $0.25 per share. This represents a $3.00 dividend on an annualized basis and a yield of 7.34%. The ex-dividend date is Wednesday, April 13th.
In other BlackRock Science and Technology Trust news, Portfolio Manager Tony Kim purchased 16,750 shares of the stock in a transaction dated Wednesday, February 2nd. The shares were bought at an average cost of $46.45 per share, with a total value of $778,037.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
A number of hedge funds have recently added to or reduced their stakes in BST. First Trust Advisors LP grew its position in BlackRock Science and Technology Trust by 11.0% during the first quarter. First Trust Advisors LP now owns 141,142 shares of the company’s stock worth $4,629,000 after buying an additional 14,005 shares in the last quarter. Morgan Stanley boosted its holdings in BlackRock Science and Technology Trust by 0.5% during the second quarter. Morgan Stanley now owns 1,081,518 shares of the company’s stock valued at $64,448,000 after purchasing an additional 4,949 shares in the last quarter. Spire Wealth Management boosted its holdings in BlackRock Science and Technology Trust by 34.2% during the third quarter. Spire Wealth Management now owns 10,071 shares of the company’s stock valued at $525,000 after purchasing an additional 2,568 shares in the last quarter. Stephens Inc. AR acquired a new stake in BlackRock Science and Technology Trust during the third quarter valued at approximately $711,000. Finally, International Assets Investment Management LLC boosted its holdings in BlackRock Science and Technology Trust by 3.9% during the third quarter. International Assets Investment Management LLC now owns 5,294 shares of the company’s stock valued at $276,000 after purchasing an additional 200 shares in the last quarter.
About BlackRock Science and Technology Trust (Get Rating)
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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