Posted by on Apr 30th, 2022
BlackRock Science and Technology Trust (NYSE:BSTGet Rating) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 9,500 shares, a drop of 62.2% from the March 31st total of 25,100 shares. Based on an average trading volume of 166,600 shares, the short-interest ratio is presently 0.1 days.
NYSE BST traded down $1.06 during trading on Friday, reaching $37.64. 175,657 shares of the company traded hands, compared to its average volume of 177,270. BlackRock Science and Technology Trust has a 1-year low of $37.31 and a 1-year high of $61.70. The stock’s 50 day moving average price is $41.62 and its two-hundred day moving average price is $46.94.
The business also recently disclosed a monthly dividend, which was paid on Friday, April 29th. Investors of record on Thursday, April 14th were given a $0.25 dividend. This represents a $3.00 annualized dividend and a yield of 7.97%. The ex-dividend date of this dividend was Wednesday, April 13th.

In related news, Portfolio Manager Tony Kim bought 16,750 shares of the business’s stock in a transaction on Wednesday, February 2nd. The shares were bought at an average cost of $46.45 per share, for a total transaction of $778,037.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Several institutional investors have recently modified their holdings of BST. First Trust Advisors LP raised its position in shares of BlackRock Science and Technology Trust by 11.0% during the 1st quarter. First Trust Advisors LP now owns 141,142 shares of the company’s stock valued at $4,629,000 after acquiring an additional 14,005 shares during the last quarter. Morgan Stanley boosted its stake in BlackRock Science and Technology Trust by 0.5% in the 2nd quarter. Morgan Stanley now owns 1,081,518 shares of the company’s stock worth $64,448,000 after purchasing an additional 4,949 shares during the period. Commonwealth Equity Services LLC boosted its stake in BlackRock Science and Technology Trust by 38.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 45,489 shares of the company’s stock worth $2,372,000 after purchasing an additional 12,735 shares during the period. AE Wealth Management LLC boosted its stake in BlackRock Science and Technology Trust by 22.3% in the 3rd quarter. AE Wealth Management LLC now owns 5,672 shares of the company’s stock worth $296,000 after purchasing an additional 1,033 shares during the period. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in BlackRock Science and Technology Trust in the 3rd quarter worth $25,000.
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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