BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Sees Large Decrease in Short Interest

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 104,062 shares, a decline of 58.1% from the October 15th total of 248,636 shares. Based on an average trading volume of 603,385 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On BlackRock ESG Capital Allocation Term Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 0.8% during the first quarter. Royal Bank of Canada now owns 1,223,160 shares of the company’s stock worth $16,611,000 after buying an additional 9,985 shares in the last quarter. Bank of America Corp DE raised its position in shares of BlackRock ESG Capital Allocation Term Trust by 0.5% in the first quarter. Bank of America Corp DE now owns 785,898 shares of the company’s stock valued at $10,672,000 after buying an additional 3,985 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in shares of BlackRock ESG Capital Allocation Term Trust in the third quarter worth about $9,969,000. Flagship Harbor Advisors LLC lifted its stake in shares of BlackRock ESG Capital Allocation Term Trust by 7.1% in the third quarter. Flagship Harbor Advisors LLC now owns 628,428 shares of the company’s stock worth $8,710,000 after buying an additional 41,781 shares in the last quarter. Finally, Mason & Associates Inc lifted its stake in shares of BlackRock ESG Capital Allocation Term Trust by 7.6% in the second quarter. Mason & Associates Inc now owns 357,593 shares of the company’s stock worth $5,621,000 after buying an additional 25,389 shares in the last quarter.

BlackRock ESG Capital Allocation Term Trust Trading Down 3.2%

Shares of ECAT opened at $12.46 on Friday. BlackRock ESG Capital Allocation Term Trust has a one year low of $12.39 and a one year high of $16.09. The stock has a 50 day moving average price of $13.83 and a 200 day moving average price of $14.78.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a $0.2644 dividend. The ex-dividend date is Friday, December 11th. This represents a $3.17 dividend on an annualized basis and a yield of 25.5%.

BlackRock ESG Capital Allocation Term Trust Company Profile

BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) is a closed-end investment fund managed by BlackRock Advisors. Rather than operating a business, the trust invests in a portfolio of securities with the goal of generating total return through income and capital appreciation. Its portfolio may include equity and debt securities from issuers in the United States and other countries, spanning different industries and parts of the capital structure. The fund incorporates environmental, social and governance considerations into its investment process.