BlackRock Health Sciences Term Trust (NYSE:BMEZ) Sees Significant Decrease in Short Interest

BlackRock Health Sciences Term Trust (NYSE:BMEZ) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 48,200 shares, a drop of 61.2% from the December 31st total of 124,200 shares. Based on an average daily volume of 365,000 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of BlackRock Health Sciences Term Trust

Several institutional investors have recently modified their holdings of BMEZ. Brown Brothers Harriman & Co. acquired a new position in BlackRock Health Sciences Term Trust during the third quarter worth about $32,000. K2 Principal Fund L.P. acquired a new position in BlackRock Health Sciences Term Trust during the third quarter worth about $158,000. Jane Street Group LLC acquired a new position in BlackRock Health Sciences Term Trust during the third quarter worth about $357,000. Dakota Wealth Management boosted its position in BlackRock Health Sciences Term Trust by 23.4% during the third quarter. Dakota Wealth Management now owns 22,509 shares of the company’s stock worth $357,000 after acquiring an additional 4,267 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new position in BlackRock Health Sciences Term Trust during the fourth quarter worth about $420,000.

BlackRock Health Sciences Term Trust Stock Up 0.4 %

Shares of NYSE BMEZ traded up $0.06 during trading on Friday, hitting $16.66. The company had a trading volume of 115,664 shares, compared to its average volume of 526,112. The stock has a fifty day simple moving average of $15.40 and a two-hundred day simple moving average of $15.64. BlackRock Health Sciences Term Trust has a fifty-two week low of $14.27 and a fifty-two week high of $16.75.

BlackRock Health Sciences Term Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a $0.1782 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $2.14 annualized dividend and a dividend yield of 12.83%.

BlackRock Health Sciences Term Trust Company Profile

BlackRock Health Sciences Trust II’s (BMEZ) (the ‘Trust’) investment objective is to provide total return and income through a combination of current income, current gains and long-term capital appreciation. The Trust seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its total assets in equity securities of companies principally engaged in the health sciences group of industries and equity derivatives with exposure to the health sciences group of industries.