BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX) Short Interest Update

Key Points

• Short interest fell 49.7% to 122,335 shares as of September 15, representing about 0.2% of outstanding shares and just 0.3 days to cover.
• BTX shares opened at $8.86, with a market capitalization of approximately $520.9 million and a 52-week trading range of $6.13 to $9.44.
• The trust announced a monthly dividend of $0.0525 per share, equivalent to $0.63 annually and a 7.1% yield; institutional investors and hedge funds own 26% of the stock.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst (NYSE:BTX - Get Free Report) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 122,335 shares, a decrease of 49.7% from the August 31st total of 243,150 shares. Approximately 0.2% of the company's stock are sold short. Based on an average trading volume of 410,803 shares, the days-to-cover ratio is presently 0.3 days.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Stock Down 2.0%

Shares of NYSE:BTX opened at $8.86 on Tuesday. The company has a market capitalization of $520.90 million, a price-to-earnings ratio of -3.90 and a beta of 4.61. The company has a 50 day moving average of $8.71 and a two-hundred day moving average of $8.27. BlackRock Tchnlgy nd Prvt Eqty Trm Trst has a 52-week low of $6.13 and a 52-week high of $9.44.

BlackRock Tchnlgy nd Prvt Eqty Trm Trst Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be paid a $0.0525 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.63 annualized dividend and a dividend yield of 7.1%. BlackRock Tchnlgy nd Prvt Eqty Trm Trst's dividend payout ratio is -25.11%.

Institutional Investors Weigh In On BlackRock Tchnlgy nd Prvt Eqty Trm Trst

A number of large investors have recently added to or reduced their stakes in the company. PFG Investments LLC lifted its stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 7.7% in the first quarter. PFG Investments LLC now owns 18,655 shares of the company's stock worth $123,000 after acquiring an additional 1,340 shares in the last quarter. TrueMark Investments LLC grew its stake in BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 5.4% during the 1st quarter. TrueMark Investments LLC now owns 29,708 shares of the company's stock valued at $196,000 after purchasing an additional 1,512 shares in the last quarter. WPG Advisers LLC increased its holdings in BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 55.2% during the 1st quarter. WPG Advisers LLC now owns 7,055 shares of the company's stock worth $47,000 after purchasing an additional 2,509 shares during the last quarter. Chapin Davis Inc. raised its position in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 4.1% in the 2nd quarter. Chapin Davis Inc. now owns 77,576 shares of the company's stock valued at $701,000 after purchasing an additional 3,028 shares in the last quarter. Finally, Silver Oak Securities Incorporated boosted its stake in shares of BlackRock Tchnlgy nd Prvt Eqty Trm Trst by 26.5% during the 1st quarter. Silver Oak Securities Incorporated now owns 17,135 shares of the company's stock valued at $113,000 after buying an additional 3,587 shares during the last quarter. 26.00% of the stock is owned by institutional investors and hedge funds.

BlackRock Technology & Private Equity Term Trust NYSE: BTX is a closed-end investment company managed by BlackRock Advisors, LLC. The trust seeks to provide total return by investing primarily in technology-related companies and private equity opportunities.

Its portfolio may include publicly traded equities, privately held companies, and investments associated with the technology, media, telecommunications, and other innovation-focused sectors. Through its private equity strategy, the trust is designed to provide investors with access to companies and opportunities that may not be available through traditional publicly traded equity funds.

As a term trust, BTX is structured with a specified termination framework rather than operating as a perpetual closed-end fund.

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