BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) Short Interest Up 7.7% in October

BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 213,500 shares, a growth of 7.7% from the October 15th total of 198,200 shares. Based on an average daily trading volume, of 588,900 shares, the days-to-cover ratio is presently 0.4 days.

Insider Buying and Selling at BlackRock Innovation and Growth Term Trust

In other news, major shareholder Saba Capital Management, L.P. purchased 5,581 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was purchased at an average cost of $7.53 per share, with a total value of $42,024.93. Following the purchase, the insider now owns 55,825,413 shares in the company, valued at $420,365,359.89. This trade represents a 0.01 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have bought 1,549,771 shares of company stock worth $11,707,832 over the last quarter.

Institutional Trading of BlackRock Innovation and Growth Term Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. J.W. Cole Advisors Inc. acquired a new stake in shares of BlackRock Innovation and Growth Term Trust during the 2nd quarter valued at about $75,000. Tempus Wealth Planning LLC acquired a new position in BlackRock Innovation and Growth Term Trust during the second quarter valued at approximately $76,000. Dakota Wealth Management grew its holdings in BlackRock Innovation and Growth Term Trust by 9.4% during the second quarter. Dakota Wealth Management now owns 21,217 shares of the company’s stock valued at $153,000 after purchasing an additional 1,824 shares during the period. PFG Investments LLC boosted its holdings in shares of BlackRock Innovation and Growth Term Trust by 75.1% in the second quarter. PFG Investments LLC now owns 23,538 shares of the company’s stock valued at $170,000 after buying an additional 10,099 shares during the period. Finally, Prudent Investors Network Inc. acquired a new position in shares of BlackRock Innovation and Growth Term Trust in the first quarter valued at approximately $174,000.

BlackRock Innovation and Growth Term Trust Trading Up 0.1 %

Shares of BIGZ opened at $7.55 on Tuesday. The business’s 50-day moving average is $7.57 and its 200-day moving average is $7.41. BlackRock Innovation and Growth Term Trust has a fifty-two week low of $6.66 and a fifty-two week high of $8.25.

BlackRock Innovation and Growth Term Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a $0.0863 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.04 dividend on an annualized basis and a yield of 13.72%.

About BlackRock Innovation and Growth Term Trust

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.