BlackRock Credit Allocation Income Trust (NYSE:BTZ) Short Interest Down 59.0% in August

BlackRock Credit Allocation Income Trust (NYSE:BTZ) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 217,503 shares, a decline of 59.0% from the August 15th total of 530,235 shares. Based on an average daily trading volume, of 307,126 shares, the days-to-cover ratio is presently 0.7 days.

BlackRock Credit Allocation Income Trust Trading Down 0.1%

Shares of BTZ opened at $9.74 on Friday. The stock has a 50 day simple moving average of $10.11 and a 200 day simple moving average of $10.17. BlackRock Credit Allocation Income Trust has a 52-week low of $9.70 and a 52-week high of $11.18.

BlackRock Credit Allocation Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be paid a $0.0839 dividend. The ex-dividend date is Friday, December 11th. This represents a c) annualized dividend and a yield of 10.3%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BTZ. Fifth Third Bancorp bought a new position in BlackRock Credit Allocation Income Trust during the first quarter worth $34,000. Comerica Bank boosted its position in 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 valued at $45,000 after acquiring an additional 2,345 shares during the last quarter. Advisory Services Network LLC bought a new stake in BlackRock Credit Allocation Income Trust during the third quarter valued at $103,000. Stephens Inc. AR bought a new stake in BlackRock Credit Allocation Income Trust during the first quarter valued at $106,000. Finally, Equitable Holdings Inc. acquired a new stake in BlackRock Credit Allocation Income Trust during the 3rd quarter worth about $113,000.

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.