Short Interest in BlackRock Capital Allocation Term Trust (NYSE:BCAT) Decreases By 93.1%

BlackRock Capital Allocation Term Trust (NYSE:BCAT) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 43,939 shares, a drop of 93.1% from the December 15th total of 640,429 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 762,139 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 762,139 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

BlackRock Capital Allocation Term Trust Trading Up 0.0%

Shares of BlackRock Capital Allocation Term Trust stock traded up $0.01 during trading hours on Tuesday, reaching $14.60. The stock had a trading volume of 442,071 shares, compared to its average volume of 591,794. BlackRock Capital Allocation Term Trust has a twelve month low of $12.91 and a twelve month high of $15.91. The stock’s 50 day moving average is $14.34 and its 200 day moving average is $14.70.

BlackRock Capital Allocation Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.2607 per share. This represents a c) annualized dividend and a dividend yield of 21.4%. The ex-dividend date of this dividend is Friday, March 13th.

Hedge Funds Weigh In On BlackRock Capital Allocation Term Trust

Large investors have recently added to or reduced their stakes in the stock. Amplius Wealth Advisors LLC boosted its stake in BlackRock Capital Allocation Term Trust by 5.3% during the fourth quarter. Amplius Wealth Advisors LLC now owns 33,877 shares of the company’s stock worth $480,000 after buying an additional 1,700 shares during the last quarter. TD Capital Management LLC raised its holdings in shares of BlackRock Capital Allocation Term Trust by 5.6% during the 3rd quarter. TD Capital Management LLC now owns 32,007 shares of the company’s stock worth $473,000 after acquiring an additional 1,699 shares during the period. NewEdge Advisors LLC boosted its position in shares of BlackRock Capital Allocation Term Trust by 4.7% during the 3rd quarter. NewEdge Advisors LLC now owns 16,100 shares of the company’s stock valued at $238,000 after acquiring an additional 724 shares during the last quarter. Prosperity Consulting Group LLC purchased a new stake in shares of BlackRock Capital Allocation Term Trust in the third quarter valued at about $250,000. Finally, Lido Advisors LLC acquired a new stake in BlackRock Capital Allocation Term Trust during the third quarter worth about $199,000. 36.12% of the stock is currently owned by institutional investors and hedge funds.

About BlackRock Capital Allocation Term Trust

BlackRock Capital Allocation Term Trust (NYSE: BCAT) is a closed-end, diversified management investment company organized as a term trust. The fund’s primary objective is to deliver high current income and total return by investing across a broad range of credit and equity markets. BCAT seeks to achieve this objective through a portfolio of corporate debt securities, floating-rate loans, convertible securities, common and preferred equity, and asset-backed securities.

BCAT employs an actively managed, multi-sector credit approach that spans investment-grade and below-investment-grade bonds, senior secured loans and structured credit.