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

BlackRock Capital Allocation Term Trust (NYSE:BCAT) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 128,600 shares, a growth of 13.4% from the November 30th total of 113,400 shares. Based on an average trading volume of 402,500 shares, the short-interest ratio is presently 0.3 days.

Insider Buying and Selling at BlackRock Capital Allocation Term Trust

In related news, major shareholder Saba Capital Management, L.P. sold 66,481 shares of BlackRock Capital Allocation Term Trust stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $16.48, for a total value of $1,095,606.88. Following the transaction, the insider now directly owns 15,603,000 shares of the company’s stock, valued at $257,137,440. This trade represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold 530,336 shares of company stock valued at $8,738,508 in the last three months.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BCAT. Penserra Capital Management LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust during the third quarter valued at about $15,901,000. Walleye Capital LLC acquired a new stake in BlackRock Capital Allocation Term Trust during the 3rd quarter worth approximately $234,000. Prevail Innovative Wealth Advisors LLC bought a new stake in BlackRock Capital Allocation Term Trust during the 2nd quarter worth approximately $1,452,000. Almitas Capital LLC acquired a new position in BlackRock Capital Allocation Term Trust in the 2nd quarter valued at approximately $728,000. Finally, Quarry LP raised its stake in shares of BlackRock Capital Allocation Term Trust by 68.4% during the second quarter. Quarry LP now owns 69,034 shares of the company’s stock valued at $1,133,000 after acquiring an additional 28,045 shares during the last quarter. Institutional investors own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Trading Up 0.3 %

Shares of BCAT traded up $0.05 during midday trading on Wednesday, hitting $15.15. The company’s stock had a trading volume of 676,663 shares, compared to its average volume of 370,566. BlackRock Capital Allocation Term Trust has a one year low of $14.76 and a one year high of $17.18. The company’s fifty day simple moving average is $15.98 and its two-hundred day simple moving average is $16.22.

BlackRock Capital Allocation Term Trust Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 16th were given a $0.2892 dividend. This represents a $3.47 dividend on an annualized basis and a yield of 22.91%. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10.

BlackRock Capital Allocation Term Trust Company Profile

–