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

BlackRock Capital Allocation Term Trust (NYSE:BCAT) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 135,400 shares, an increase of 62.5% from the January 31st total of 83,300 shares. Based on an average daily volume of 461,000 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On BlackRock Capital Allocation Term Trust

Several hedge funds and other institutional investors have recently bought and sold shares of BCAT. Invesco Ltd. grew its holdings in shares of BlackRock Capital Allocation Term Trust by 3.5% during the fourth quarter. Invesco Ltd. now owns 1,311,945 shares of the company’s stock worth $19,876,000 after purchasing an additional 44,088 shares during the last quarter. Bank of America Corp DE boosted its position in shares of BlackRock Capital Allocation Term Trust by 9.0% in the 4th quarter. Bank of America Corp DE now owns 1,183,518 shares of the company’s stock valued at $17,930,000 after purchasing an additional 98,210 shares during the period. Penserra Capital Management LLC purchased a new position in BlackRock Capital Allocation Term Trust during the 3rd quarter worth approximately $15,901,000. Cohen & Steers Inc. raised its position in BlackRock Capital Allocation Term Trust by 30.0% in the 4th quarter. Cohen & Steers Inc. now owns 943,751 shares of the company’s stock valued at $14,298,000 after purchasing an additional 218,000 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of BlackRock Capital Allocation Term Trust by 6.0% in the fourth quarter. Stifel Financial Corp now owns 534,778 shares of the company’s stock valued at $8,102,000 after buying an additional 30,364 shares during the last quarter. 36.12% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Capital Allocation Term Trust Stock Performance

BCAT traded down $0.07 on Tuesday, reaching $15.35. The company’s stock had a trading volume of 475,999 shares, compared to its average volume of 397,651. BlackRock Capital Allocation Term Trust has a fifty-two week low of $15.00 and a fifty-two week high of $17.18. The stock has a 50 day moving average of $15.49 and a two-hundred day moving average of $15.97.

BlackRock Capital Allocation Term Trust Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.2882 dividend. This represents a $3.46 dividend on an annualized basis and a dividend yield of 22.53%. This is an increase from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. The ex-dividend date was Friday, February 14th.

BlackRock Capital Allocation Term Trust Company Profile

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