BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Sees Significant Decrease in Short Interest

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 274,733 shares, a drop of 50.8% from the November 30th total of 558,225 shares. Based on an average daily volume of 326,033 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily volume of 326,033 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On BlackRock ESG Capital Allocation Term Trust

Several institutional investors have recently modified their holdings of the business. Baird Financial Group Inc. lifted its stake in BlackRock ESG Capital Allocation Term Trust by 59.8% in the first quarter. Baird Financial Group Inc. now owns 75,176 shares of the company’s stock valued at $1,186,000 after buying an additional 28,136 shares in the last quarter. Comerica Bank raised its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 29.2% during the first quarter. Comerica Bank now owns 16,899 shares of the company’s stock worth $266,000 after acquiring an additional 3,823 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of BlackRock ESG Capital Allocation Term Trust during the second quarter worth $84,000. Dymon Asia Capital Singapore PTE. LTD. bought a new stake in BlackRock ESG Capital Allocation Term Trust in the 2nd quarter valued at $671,000. Finally, Rockefeller Capital Management L.P. bought a new stake in BlackRock ESG Capital Allocation Term Trust in the 2nd quarter valued at $477,000.

BlackRock ESG Capital Allocation Term Trust Price Performance

Shares of ECAT traded up $0.01 during trading hours on Friday, reaching $15.59. The stock had a trading volume of 218,984 shares, compared to its average volume of 344,219. BlackRock ESG Capital Allocation Term Trust has a 52 week low of $13.35 and a 52 week high of $17.16. The firm has a 50-day moving average of $15.95 and a 200 day moving average of $16.21.

BlackRock ESG Capital Allocation Term Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be issued a $0.2785 dividend. This represents a c) annualized dividend and a dividend yield of 21.4%. The ex-dividend date is Monday, December 22nd.

About BlackRock ESG Capital Allocation Term Trust

BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) is a closed-end management investment company sponsored by BlackRock, Inc The trust seeks to provide investors with a combination of current income and capital appreciation through a diversified portfolio of equity and fixed-income securities. ECAT’s investment strategy integrates environmental, social and governance (ESG) criteria into the selection process, targeting companies whose business practices align with sustainable outcomes while aiming to manage risk and enhance long-term returns.

The fund’s portfolio is constructed and managed by BlackRock Investment Management, LLC, leveraging the firm’s global research capabilities and proprietary ESG analytics.