BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Short Interest Down 50.9% in January

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the recipient of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 47,017 shares, a drop of 50.9% from the January 15th total of 95,786 shares. Based on an average daily volume of 466,058 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 466,058 shares, the days-to-cover ratio is currently 0.1 days.

BlackRock ESG Capital Allocation Term Trust Stock Performance

Shares of ECAT stock traded down $0.18 during trading on Friday, reaching $15.22. 562,455 shares of the company’s stock traded hands, compared to its average volume of 524,201. The firm’s 50-day moving average is $15.60 and its 200 day moving average is $16.08. BlackRock ESG Capital Allocation Term Trust has a 1 year low of $13.35 and a 1 year high of $17.14.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.277 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 21.8%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Trading of BlackRock ESG Capital Allocation Term Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its stake in BlackRock ESG Capital Allocation Term Trust by 72.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 452,028 shares of the company’s stock worth $7,260,000 after purchasing an additional 190,270 shares during the period. Penserra Capital Management LLC lifted its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 13.9% in the third quarter. Penserra Capital Management LLC now owns 1,238,092 shares of the company’s stock worth $20,304,000 after buying an additional 151,210 shares in the last quarter. Alpine Global Management LLC bought a new position in shares of BlackRock ESG Capital Allocation Term Trust in the third quarter valued at approximately $2,460,000. Bank of America Corp DE grew its stake in BlackRock ESG Capital Allocation Term Trust by 23.7% during the second quarter. Bank of America Corp DE now owns 739,424 shares of the company’s stock valued at $11,875,000 after acquiring an additional 141,566 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in BlackRock ESG Capital Allocation Term Trust by 19.5% during the fourth quarter. Wells Fargo & Company MN now owns 564,585 shares of the company’s stock valued at $8,683,000 after acquiring an additional 92,094 shares in the last quarter.

BlackRock ESG Capital Allocation Term Trust Company Profile

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.