BlackRock Credit Allocation Income Trust (NYSE:BTZ) Short Interest Down 62.0% in December

BlackRock Credit Allocation Income Trust (NYSE:BTZ) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 42,769 shares, a decline of 62.0% from the November 30th total of 112,422 shares. Based on an average daily volume of 220,775 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 220,775 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of BlackRock Credit Allocation Income Trust by 19.4% during the second quarter. Bank of America Corp DE now owns 4,571,453 shares of the investment management company’s stock worth $49,920,000 after purchasing an additional 742,650 shares during the period. Smith Asset Management Co. LLC acquired a new position in BlackRock Credit Allocation Income Trust in the 1st quarter worth approximately $3,193,000. Guggenheim Capital LLC raised its position in BlackRock Credit Allocation Income Trust by 13.1% during the 1st quarter. Guggenheim Capital LLC now owns 1,629,233 shares of the investment management company’s stock worth $17,465,000 after buying an additional 189,018 shares during the last quarter. Cary Street Partners Financial LLC purchased a new position in BlackRock Credit Allocation Income Trust during the 2nd quarter worth approximately $1,829,000. Finally, Raymond James Financial Inc. lifted its stake in BlackRock Credit Allocation Income Trust by 8.6% during the 2nd quarter. Raymond James Financial Inc. now owns 1,483,929 shares of the investment management company’s stock valued at $16,205,000 after acquiring an additional 117,660 shares during the period.

BlackRock Credit Allocation Income Trust Trading Up 0.2%

Shares of NYSE BTZ traded up $0.03 during midday trading on Friday, reaching $10.84. The company had a trading volume of 194,028 shares, compared to its average volume of 230,008. BlackRock Credit Allocation Income Trust has a 1 year low of $9.54 and a 1 year high of $11.18. The business’s 50-day simple moving average is $10.93 and its 200 day simple moving average is $10.95.

BlackRock Credit Allocation Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be given a dividend of $0.0839 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 9.3%.

About BlackRock Credit Allocation Income Trust

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.