BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Short Interest Down 68.0% in June

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 92,879 shares, a drop of 68.0% from the June 15th total of 290,690 shares. Based on an average daily volume of 459,972 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On BlackRock ESG Capital Allocation Term Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC purchased a new position in BlackRock ESG Capital Allocation Term Trust in the 1st quarter valued at approximately $340,000. Cetera Investment Advisers purchased a new stake in BlackRock ESG Capital Allocation Term Trust during the second quarter worth $340,000. Ameriprise Financial Inc. grew its holdings in BlackRock ESG Capital Allocation Term Trust by 72.7% in the second quarter. Ameriprise Financial Inc. now owns 452,028 shares of the company’s stock valued at $7,260,000 after purchasing an additional 190,270 shares during the last quarter. Bank of America Corp DE grew its holdings in BlackRock ESG Capital Allocation Term Trust by 23.7% in the second quarter. Bank of America Corp DE now owns 739,424 shares of the company’s stock valued at $11,875,000 after purchasing an additional 141,566 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of BlackRock ESG Capital Allocation Term Trust by 630.3% in the second quarter. Geneos Wealth Management Inc. now owns 3,155 shares of the company’s stock valued at $51,000 after buying an additional 2,723 shares in the last quarter.

BlackRock ESG Capital Allocation Term Trust Stock Up 0.1%

ECAT stock traded up $0.02 during trading on Tuesday, reaching $15.90. 506,819 shares of the company were exchanged, compared to its average volume of 528,828. BlackRock ESG Capital Allocation Term Trust has a 52-week low of $13.36 and a 52-week high of $17.14. The stock’s 50 day moving average price is $15.48 and its 200 day moving average price is $15.12.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.2688 per share. This represents a c) dividend on an annualized basis and a dividend yield of 20.3%. The ex-dividend date is Tuesday, September 15th.

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.