BlackRock Credit Allocation Income Trust (NYSE:BTZ) Short Interest Update

BlackRock Credit Allocation Income Trust (NYSE:BTZ) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 33,262 shares, a growth of 27.9% from the February 12th total of 26,008 shares. Based on an average daily volume of 260,958 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 260,958 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On BlackRock Credit Allocation Income Trust

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% during the third quarter. Comerica Bank now owns 4,063 shares of the investment management company’s stock worth $45,000 after purchasing an additional 2,345 shares during the period. Caitlin John LLC bought a new position in BlackRock Credit Allocation Income Trust during the 3rd quarter valued at approximately $59,000. Newbridge Financial Services Group Inc. bought a new position in BlackRock Credit Allocation Income Trust during the 2nd quarter valued at approximately $86,000. Advisory Services Network LLC purchased a new stake in BlackRock Credit Allocation Income Trust in the 3rd quarter worth approximately $103,000. Finally, Equitable Holdings Inc. bought a new stake in shares of BlackRock Credit Allocation Income Trust in the 3rd quarter worth approximately $113,000.

BlackRock Credit Allocation Income Trust Stock Down 0.7%

Shares of NYSE BTZ traded down $0.08 during mid-day trading on Friday, hitting $10.00. The stock had a trading volume of 303,428 shares, compared to its average volume of 323,566. The business has a 50 day moving average price of $10.62 and a two-hundred day moving average price of $10.85. BlackRock Credit Allocation Income Trust has a 1 year low of $9.54 and a 1 year high of $11.18.

BlackRock Credit Allocation Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.0839 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.1%.

BlackRock Credit Allocation Income Trust Company Profile

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.