BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Sees Significant Increase in Short Interest

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 290,690 shares, an increase of 119.4% from the May 31st total of 132,501 shares. Based on an average daily volume of 545,463 shares, the short-interest ratio is presently 0.5 days.

BlackRock ESG Capital Allocation Term Trust Stock Performance

Shares of NYSE ECAT opened at $15.75 on Thursday. BlackRock ESG Capital Allocation Term Trust has a twelve month low of $13.36 and a twelve month high of $17.14. The company has a 50 day moving average of $15.27 and a 200 day moving average of $15.11.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.2688 per share. This represents a c) dividend on an annualized basis and a dividend yield of 20.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. US Bancorp DE raised its stake in BlackRock ESG Capital Allocation Term Trust by 6.2% during the 3rd quarter. US Bancorp DE now owns 25,491 shares of the company’s stock valued at $418,000 after buying an additional 1,480 shares during the last quarter. Truist Financial Corp grew its stake in shares of BlackRock ESG Capital Allocation Term Trust by 4.9% during the 4th quarter. Truist Financial Corp now owns 35,829 shares of the company’s stock valued at $551,000 after acquiring an additional 1,660 shares during the period. Janney Montgomery Scott LLC increased its holdings in BlackRock ESG Capital Allocation Term Trust by 8.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 27,750 shares of the company’s stock worth $427,000 after acquiring an additional 2,227 shares in the last quarter. Raymond James Financial Inc. raised its stake in BlackRock ESG Capital Allocation Term Trust by 2.5% during the 3rd quarter. Raymond James Financial Inc. now owns 104,327 shares of the company’s stock worth $1,711,000 after acquiring an additional 2,495 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in BlackRock ESG Capital Allocation Term Trust by 630.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,155 shares of the company’s stock worth $51,000 after acquiring an additional 2,723 shares during the period.

About BlackRock ESG Capital Allocation Term Trust

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.