Short Interest in BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) Declines By 58.6%

BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 34,900 shares, a decrease of 58.6% from the February 28th total of 84,400 shares. Based on an average daily trading volume, of 115,000 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On BlackRock Enhanced Capital and Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of CII. Stifel Financial Corp increased its holdings in BlackRock Enhanced Capital and Income Fund by 4.0% in the third quarter. Stifel Financial Corp now owns 43,171 shares of the real estate investment trust’s stock valued at $850,000 after buying an additional 1,677 shares during the last quarter. Sanctuary Advisors LLC boosted its position in shares of BlackRock Enhanced Capital and Income Fund by 28.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 15,314 shares of the real estate investment trust’s stock worth $302,000 after acquiring an additional 3,397 shares in the last quarter. Calamos Advisors LLC increased its holdings in shares of BlackRock Enhanced Capital and Income Fund by 81.5% in the 4th quarter. Calamos Advisors LLC now owns 27,955 shares of the real estate investment trust’s stock valued at $562,000 after acquiring an additional 12,557 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of BlackRock Enhanced Capital and Income Fund during the 4th quarter worth about $330,000. Finally, Truist Financial Corp raised its position in shares of BlackRock Enhanced Capital and Income Fund by 2.2% during the 4th quarter. Truist Financial Corp now owns 75,524 shares of the real estate investment trust’s stock worth $1,518,000 after acquiring an additional 1,643 shares in the last quarter.

BlackRock Enhanced Capital and Income Fund Stock Down 2.0 %

NYSE:CII traded down $0.39 during mid-day trading on Friday, hitting $18.49. The stock had a trading volume of 178,569 shares, compared to its average volume of 103,966. BlackRock Enhanced Capital and Income Fund has a twelve month low of $17.57 and a twelve month high of $21.14. The stock has a 50-day simple moving average of $20.04 and a two-hundred day simple moving average of $19.92.

BlackRock Enhanced Capital and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.141 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 9.15%.

BlackRock Enhanced Capital and Income Fund Company Profile

BlackRock Enhanced Capital and Income Fund, Inc is a closed ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in public equity markets across the globe. The fund seeks to invest in securities of companies operating across diversified sectors.