Short Interest in BlackRock Capital Allocation Term Trust (NYSE:BCAT) Increases By 32.4%

BlackRock Capital Allocation Term Trust (NYSE:BCATGet Free Report) was the target of a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 192,300 shares, an increase of 32.4% from the July 31st total of 145,200 shares. Based on an average trading volume of 576,300 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 576,300 shares, the short-interest ratio is presently 0.3 days.

BlackRock Capital Allocation Term Trust Trading Down 0.2%

BlackRock Capital Allocation Term Trust stock opened at $15.20 on Wednesday. The business’s 50-day simple moving average is $14.98 and its 200 day simple moving average is $14.78. BlackRock Capital Allocation Term Trust has a 12-month low of $12.91 and a 12-month high of $16.80.

BlackRock Capital Allocation Term Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a dividend of $0.2699 per share. This represents a c) dividend on an annualized basis and a dividend yield of 21.3%. The ex-dividend date of this dividend is Monday, September 15th.

Institutional Investors Weigh In On BlackRock Capital Allocation Term Trust

Institutional investors and hedge funds have recently modified their holdings of the business. AdvisorNet Financial Inc raised its stake in shares of BlackRock Capital Allocation Term Trust by 83.3% during the second quarter. AdvisorNet Financial Inc now owns 1,947 shares of the company’s stock worth $29,000 after buying an additional 885 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of BlackRock Capital Allocation Term Trust by 341.7% during the second quarter. Geneos Wealth Management Inc. now owns 2,045 shares of the company’s stock worth $31,000 after buying an additional 1,582 shares during the last quarter. Noble Wealth Management PBC bought a new stake in shares of BlackRock Capital Allocation Term Trust during the first quarter worth approximately $32,000. Red Tortoise LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust during the second quarter worth approximately $33,000. Finally, NBC Securities Inc. raised its stake in shares of BlackRock Capital Allocation Term Trust by 151,600.0% during the first quarter. NBC Securities Inc. now owns 3,034 shares of the company’s stock worth $43,000 after buying an additional 3,032 shares during the last quarter. 36.12% of the stock is owned by institutional investors.

About BlackRock Capital Allocation Term Trust

(Get Free Report)

Further Reading

Receive News & Ratings for BlackRock Capital Allocation Term Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Capital Allocation Term Trust and related companies with MarketBeat.com's FREE daily email newsletter.