BlackRock Credit Allocation Income Trust (NYSE:BTZ) Short Interest Up 118.6% in April

BlackRock Credit Allocation Income Trust (NYSE:BTZ) was the target of a large increase in short interest in April. As of April 15th, there was short interest totaling 84,671 shares, an increase of 118.6% from the March 31st total of 38,731 shares. Based on an average trading volume of 303,902 shares, the short-interest ratio is presently 0.3 days.

BlackRock Credit Allocation Income Trust Stock Performance

BlackRock Credit Allocation Income Trust stock traded up $0.06 during mid-day trading on Monday, reaching $10.40. The company’s stock had a trading volume of 189,208 shares, compared to its average volume of 324,152. BlackRock Credit Allocation Income Trust has a twelve month low of $9.70 and a twelve month high of $11.18. The business has a 50 day moving average price of $10.29 and a 200-day moving average price of $10.65.

BlackRock Credit Allocation Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.0839 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 9.7%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BTZ. Comerica Bank boosted its holdings in shares of BlackRock Credit Allocation Income Trust by 136.5% in the 3rd quarter. Comerica Bank now owns 4,063 shares of the investment management company’s stock valued at $45,000 after buying an additional 2,345 shares during the period. Caitlin John LLC acquired a new position in shares of BlackRock Credit Allocation Income Trust in the 3rd quarter valued at about $59,000. Advisory Services Network LLC acquired a new position in shares of BlackRock Credit Allocation Income Trust in the 3rd quarter valued at about $103,000. Equitable Holdings Inc. acquired a new position in shares of BlackRock Credit Allocation Income Trust in the 3rd quarter valued at about $113,000. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of BlackRock Credit Allocation Income Trust in the 4th quarter valued at about $114,000.

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.