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

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 92,879 shares, a drop of 68.0% from the June 15th total of 290,690 shares. Based on an average trading volume of 459,972 shares, the days-to-cover ratio is currently 0.2 days.

BlackRock ESG Capital Allocation Term Trust Stock Performance

Shares of BlackRock ESG Capital Allocation Term Trust stock traded up $0.10 on Friday, hitting $15.86. 314,144 shares of the company’s stock traded hands, compared to its average volume of 527,600. The firm’s 50-day moving average price is $15.44 and its two-hundred day moving average price is $15.11. BlackRock ESG Capital Allocation Term Trust has a one year low of $13.36 and a one year high of $17.14.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.2688 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 20.3%.

Hedge Funds Weigh In On BlackRock ESG Capital Allocation Term Trust

Several hedge funds have recently added to or reduced their stakes in ECAT. Truist Financial Corp grew its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 4.9% in the 4th quarter. Truist Financial Corp now owns 35,829 shares of the company’s stock valued at $551,000 after buying an additional 1,660 shares during the period. Janney Montgomery Scott LLC increased its position in shares of 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 valued at $427,000 after buying 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 buying an additional 2,495 shares during the period. Geneos Wealth Management Inc. lifted its holdings in BlackRock ESG Capital Allocation Term Trust by 630.3% during the second 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 in the last quarter. Finally, PNC Financial Services Group Inc. bought a new position in BlackRock ESG Capital Allocation Term Trust during the third quarter worth about $49,000.

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.