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

BlackRock Capital Allocation Term Trust (NYSE:BCAT) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 1,000,614 shares, an increase of 115.3% from the January 29th total of 464,650 shares. Based on an average trading volume of 993,509 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.9% of the shares of the stock are short sold. Approximately 0.9% of the shares of the stock are short sold. Based on an average trading volume of 993,509 shares, the days-to-cover ratio is currently 1.0 days.

BlackRock Capital Allocation Term Trust Price Performance

Shares of BlackRock Capital Allocation Term Trust stock traded up $0.01 on Friday, hitting $15.17. The company’s stock had a trading volume of 804,336 shares, compared to its average volume of 752,888. BlackRock Capital Allocation Term Trust has a 1 year low of $12.91 and a 1 year high of $15.58. The firm has a fifty day moving average price of $14.65 and a 200-day moving average price of $14.65.

BlackRock Capital Allocation Term Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a $0.2607 dividend. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 20.6%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. raised its position in BlackRock Capital Allocation Term Trust by 15.6% during the third quarter. Advisors Asset Management Inc. now owns 339,332 shares of the company’s stock worth $5,019,000 after acquiring an additional 45,913 shares during the period. Penserra Capital Management LLC grew its position in shares of BlackRock Capital Allocation Term Trust by 11.3% in the third quarter. Penserra Capital Management LLC now owns 1,303,212 shares of the company’s stock valued at $19,274,000 after purchasing an additional 132,104 shares during the period. Fountainhead AM LLC grew its position in shares of BlackRock Capital Allocation Term Trust by 56.3% in the second quarter. Fountainhead AM LLC now owns 88,356 shares of the company’s stock valued at $1,338,000 after purchasing an additional 31,823 shares during the period. PFG Investments LLC purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the third quarter worth about $750,000. Finally, Perennial Investment Advisors LLC raised its position in shares of BlackRock Capital Allocation Term Trust by 13.0% during the 2nd quarter. Perennial Investment Advisors LLC now owns 53,656 shares of the company’s stock worth $812,000 after purchasing an additional 6,163 shares during the last quarter. Hedge funds and other institutional investors own 36.12% of the company’s stock.

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.