BlackRock Credit Allocation Income Trust (NYSE:BTZ) Short Interest Update

BlackRock Credit Allocation Income Trust (NYSE:BTZ) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 77,224 shares, an increase of 80.6% from the December 15th total of 42,769 shares. Based on an average daily trading volume, of 277,294 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 277,294 shares, the short-interest ratio is presently 0.3 days.

BlackRock Credit Allocation Income Trust Stock Performance

BTZ traded down $0.03 during trading on Thursday, hitting $10.72. The stock had a trading volume of 476,558 shares, compared to its average volume of 301,465. BlackRock Credit Allocation Income Trust has a 12 month low of $9.54 and a 12 month high of $11.18. The company has a 50 day simple moving average of $10.85 and a 200-day simple moving average of $10.96.

BlackRock Credit Allocation Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $0.0839 per share. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Trading of BlackRock Credit Allocation Income Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its position in shares of BlackRock Credit Allocation Income Trust by 7.3% in the third quarter. Bank of America Corp DE now owns 4,904,167 shares of the investment management company’s stock valued at $54,191,000 after acquiring an additional 332,714 shares during the period. Guggenheim Capital LLC increased its position in BlackRock Credit Allocation Income Trust by 6.8% during the second quarter. Guggenheim Capital LLC now owns 1,739,889 shares of the investment management company’s stock worth $19,000,000 after acquiring an additional 110,656 shares during the period. Raymond James Financial Inc. raised its stake in BlackRock Credit Allocation Income Trust by 2.5% during the 3rd quarter. Raymond James Financial Inc. now owns 1,520,686 shares of the investment management company’s stock valued at $16,804,000 after purchasing an additional 36,757 shares during the last quarter. Invesco Ltd. boosted its holdings in BlackRock Credit Allocation Income Trust by 0.4% in the 3rd quarter. Invesco Ltd. now owns 1,265,630 shares of the investment management company’s stock valued at $13,985,000 after purchasing an additional 5,145 shares during the period. Finally, Royal Bank of Canada grew its position in BlackRock Credit Allocation Income Trust by 1.4% in the 1st quarter. Royal Bank of Canada now owns 889,121 shares of the investment management company’s stock worth $9,531,000 after purchasing an additional 12,607 shares during the last quarter.

About BlackRock Credit Allocation Income Trust

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company sponsored by BlackRock Fund Advisors. The trust seeks to provide investors with a high level of current income, as well as the potential for capital appreciation, through an actively managed portfolio of credit and income-producing securities. BTZ primarily focuses on instruments that offer attractive yields while aiming to preserve capital over the long term.

The portfolio is diversified across a broad spectrum of credit sectors, including investment-grade corporate debt, high-yield bonds, leveraged bank loans, residential and commercial mortgage-backed securities, and asset-backed securities.