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

BlackRock Capital Allocation Term Trust (NYSE:BCAT) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 424,105 shares, an increase of 865.2% from the December 31st total of 43,939 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 633,647 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 633,647 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.4% of the shares of the company are sold short.

Hedge Funds Weigh In On BlackRock Capital Allocation Term Trust

A number of hedge funds and other institutional investors have recently modified their holdings of BCAT. CWM LLC raised its holdings in shares of BlackRock Capital Allocation Term Trust by 8,947.4% during the 2nd quarter. CWM LLC now owns 70,479 shares of the company’s stock worth $1,067,000 after acquiring an additional 69,700 shares in the last quarter. Advisors Asset Management Inc. increased its position in BlackRock Capital Allocation Term Trust by 23.2% in the second quarter. Advisors Asset Management Inc. now owns 293,419 shares of the company’s stock worth $4,442,000 after purchasing an additional 55,167 shares during the last quarter. Fountainhead AM LLC raised its stake in BlackRock Capital Allocation Term Trust by 56.3% during the second quarter. Fountainhead AM LLC now owns 88,356 shares of the company’s stock valued at $1,338,000 after purchasing an additional 31,823 shares in the last quarter. Penserra Capital Management LLC lifted its position in BlackRock Capital Allocation Term Trust by 3.0% during the second quarter. Penserra Capital Management LLC now owns 1,171,108 shares of the company’s stock valued at $17,730,000 after purchasing an additional 34,597 shares during the last quarter. Finally, Perennial Investment Advisors LLC lifted its position in BlackRock Capital Allocation Term Trust by 13.0% during the second quarter. Perennial Investment Advisors LLC now owns 53,656 shares of the company’s stock valued at $812,000 after purchasing an additional 6,163 shares during the last quarter. Institutional investors own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Stock Performance

Shares of NYSE BCAT traded down $0.03 during midday trading on Wednesday, reaching $14.66. The stock had a trading volume of 617,031 shares, compared to its average volume of 675,546. The stock has a 50-day moving average of $14.39 and a 200-day moving average of $14.66. BlackRock Capital Allocation Term Trust has a 12-month low of $12.91 and a 12-month high of $15.91.

BlackRock Capital Allocation Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.2607 per share. This represents a c) dividend on an annualized basis and a yield of 21.3%. The ex-dividend date of this dividend is Friday, March 13th.

BlackRock Capital Allocation Term Trust Company Profile

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.