BlackRock Capital Allocation Term Trust (NYSE:BCAT) Short Interest Update

BlackRock Capital Allocation Term Trust (NYSE:BCAT) was the recipient of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 877,039 shares, a drop of 12.3% from the February 12th total of 1,000,614 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 598,248 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily volume of 598,248 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.8% of the company’s shares are short sold.

Hedge Funds Weigh In On BlackRock Capital Allocation Term Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Keener Financial Planning LLC acquired a new position in shares of BlackRock Capital Allocation Term Trust during the third quarter worth $29,000. Geneos Wealth Management Inc. increased its holdings in BlackRock Capital Allocation Term Trust by 341.7% in the second quarter. Geneos Wealth Management Inc. now owns 2,045 shares of the company’s stock valued at $31,000 after purchasing an additional 1,582 shares during the period. N.E.W. Advisory Services LLC increased its holdings in BlackRock Capital Allocation Term Trust by 100.0% in the fourth quarter. N.E.W. Advisory Services LLC now owns 2,400 shares of the company’s stock valued at $34,000 after purchasing an additional 1,200 shares during the period. AdvisorNet Financial Inc raised its position in BlackRock Capital Allocation Term Trust by 53.8% during the 3rd quarter. AdvisorNet Financial Inc now owns 2,995 shares of the company’s stock worth $44,000 after purchasing an additional 1,048 shares during the last quarter. Finally, McIlrath & Eck LLC lifted its holdings in BlackRock Capital Allocation Term Trust by 971.1% during the 3rd quarter. McIlrath & Eck LLC now owns 2,999 shares of the company’s stock worth $44,000 after buying an additional 2,719 shares during the period. 36.12% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Capital Allocation Term Trust Stock Performance

Shares of BCAT stock traded up $0.01 during mid-day trading on Wednesday, reaching $14.80. 245,406 shares of the stock traded hands, compared to its average volume of 778,442. The stock’s fifty day simple moving average is $14.85 and its two-hundred day simple moving average is $14.66. BlackRock Capital Allocation Term Trust has a 1-year low of $12.91 and a 1-year high of $15.41.

BlackRock Capital Allocation Term Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.2579 per share. This represents a c) dividend on an annualized basis and a yield of 20.9%. The ex-dividend date of this dividend is Monday, June 15th.

BlackRock Capital Allocation Term Trust Company Profile

BlackRock Capital Allocation Term Trust (NYSE: BCAT) is a closed-end, diversified management investment company organized as a term trust. The fund’s primary objective is to deliver high current income and total return by investing across a broad range of credit and equity markets. BCAT seeks to achieve this objective through a portfolio of corporate debt securities, floating-rate loans, convertible securities, common and preferred equity, and asset-backed securities.

BCAT employs an actively managed, multi-sector credit approach that spans investment-grade and below-investment-grade bonds, senior secured loans and structured credit.