BlackRock Credit Allocation Income Trust (NYSE:BTZ) Shares Shorted: Short Interest Down 64.9% in September

BlackRock Credit Allocation Income Trust (NYSE:BTZ) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 73,673 shares, a decline of 64.9% from the September 15th total of 210,163 shares. Based on an average daily volume of 509,678 shares, the days-to-cover ratio is presently 0.1 days.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of NYSE:BTZ traded up $0.01 during midday trading on Monday, reaching $9.45. The company’s stock had a trading volume of 121,351 shares, compared to its average volume of 318,076. The business’s fifty day simple moving average is $9.84 and its 200-day simple moving average is $10.05. BlackRock Credit Allocation Income Trust has a fifty-two week low of $9.25 and a fifty-two week high of $11.18.

BlackRock Credit Allocation Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a dividend of $0.0839 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.01 dividend on an annualized basis and a yield of 10.7%.

Institutional Trading of BlackRock Credit Allocation Income Trust

Several hedge funds have recently modified their holdings of the stock. Bank of America Corp DE acquired a new position in BlackRock Credit Allocation Income Trust during the 2nd quarter worth $48,533,000. Rareview Capital LLC lifted its position in BlackRock Credit Allocation Income Trust by 158.3% during the 1st quarter. Rareview Capital LLC now owns 367,912 shares of the investment management company’s stock valued at $4,018,000 after purchasing an additional 225,471 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of BlackRock Credit Allocation Income Trust by 36.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 617,201 shares of the investment management company’s stock valued at $6,234,000 after purchasing an additional 165,959 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of BlackRock Credit Allocation Income Trust by 60.4% in the 1st quarter. D.A. Davidson & CO. now owns 382,991 shares of the investment management company’s stock valued at $3,868,000 after purchasing an additional 144,213 shares during the last quarter. Finally, Readystate Asset Management LP acquired a new stake in shares of BlackRock Credit Allocation Income Trust during the 1st quarter worth approximately $1,016,000.

About BlackRock Credit Allocation Income Trust

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company that seeks to provide current income and, to a lesser extent, capital appreciation. The trust invests primarily in a portfolio of credit-related securities and other income-producing investments.

Its holdings may include corporate bonds, senior loans, investment-grade and below-investment-grade debt securities, mortgage- and asset-backed securities, and other fixed-income instruments. The portfolio can include securities issued by U.S.