ECAT - BSTZ: Deep Discount And Potential Activist Catalyst
2024-05-08 01:21:35 ET
Summary
- BlackRock Science and Technology Term Trust continues to trade at a deep discount, providing investors with exposure to private technology companies.
- Although BSTZ's performance has been weak due to a lack of IPOs, I believe it still has the potential for solid results in the long run.
- Saba Capital Management is targeting BSTZ, among other BlackRock funds, but with a smaller overall stake.
Written by Nick Ackerman, co-produced by Stanford Chemist.
BlackRock Science and Technology Term Trust ( BSTZ ) is one of ten different funds from BlackRock that Saba Capital Management is currently going after. With a deep discount and that as a major potential catalyst to see some changes with the fund, BSTZ continues to remain an interesting investment. That said, BSTZ is one of the funds that they don't appear to be making as much of an effort on in terms of owning a relatively smaller stake....
BSTZ: Deep Discount And Potential Activist Catalyst