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

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 274,733 shares, a drop of 50.8% from the November 30th total of 558,225 shares. Based on an average daily trading volume, of 326,033 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 326,033 shares, the short-interest ratio is currently 0.8 days.

BlackRock ESG Capital Allocation Term Trust Price Performance

ECAT traded up $0.01 on Friday, reaching $15.59. The company had a trading volume of 218,984 shares, compared to its average volume of 344,219. BlackRock ESG Capital Allocation Term Trust has a 1 year low of $13.35 and a 1 year high of $17.16. The stock has a 50-day moving average price of $15.95 and a 200-day moving average price of $16.21.

BlackRock ESG Capital Allocation Term Trust Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be issued a $0.2785 dividend. This represents a c) annualized dividend and a dividend yield of 21.4%. The ex-dividend date of this dividend is Monday, December 22nd.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Triumph Capital Management purchased a new stake in BlackRock ESG Capital Allocation Term Trust in the third quarter valued at approximately $62,000. Alpine Global Management LLC acquired a new position in BlackRock ESG Capital Allocation Term Trust in the third quarter valued at $2,460,000. Focus Partners Wealth purchased a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the third quarter valued at about $265,000. Bank of America Corp DE boosted its stake in shares of BlackRock ESG Capital Allocation Term Trust by 5.3% during the third quarter. Bank of America Corp DE now owns 778,779 shares of the company’s stock worth $12,772,000 after buying an additional 39,355 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of BlackRock ESG Capital Allocation Term Trust by 14.2% during the third quarter. Ameriprise Financial Inc. now owns 516,089 shares of the company’s stock worth $8,464,000 after buying an additional 64,061 shares during the period.

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.