Short Interest in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Rises By 245.9%

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 321,238 shares, an increase of 245.9% from the June 30th total of 92,879 shares. Based on an average daily volume of 473,197 shares, the days-to-cover ratio is presently 0.7 days.

BlackRock ESG Capital Allocation Term Trust Stock Up 0.6%

Shares of NYSE ECAT traded up $0.09 during mid-day trading on Monday, hitting $15.13. The company had a trading volume of 478,960 shares, compared to its average volume of 524,627. The business’s 50-day simple moving average is $15.50 and its 200-day simple moving average is $15.10. BlackRock ESG Capital Allocation Term Trust has a 12 month low of $13.36 and a 12 month high of $17.14.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.2688 per share. This represents a c) annualized dividend and a dividend yield of 21.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ECAT. Royal Bank of Canada boosted its stake in BlackRock ESG Capital Allocation Term Trust by 0.8% in the first quarter. Royal Bank of Canada now owns 1,223,160 shares of the company’s stock worth $16,611,000 after purchasing an additional 9,985 shares in the last quarter. Invesco Ltd. lifted its position in BlackRock ESG Capital Allocation Term Trust by 0.3% during the 3rd quarter. Invesco Ltd. now owns 1,072,318 shares of the company’s stock worth $17,586,000 after buying an additional 3,204 shares in the last quarter. Bank of America Corp DE lifted its position in BlackRock ESG Capital Allocation Term Trust by 0.5% during the 1st quarter. Bank of America Corp DE now owns 785,898 shares of the company’s stock worth $10,672,000 after buying an additional 3,985 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in BlackRock ESG Capital Allocation Term Trust by 8.5% during the 4th quarter. Advisors Asset Management Inc. now owns 580,695 shares of the company’s stock worth $8,931,000 after acquiring an additional 45,612 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in BlackRock ESG Capital Allocation Term Trust by 19.5% during the 4th quarter. Wells Fargo & Company MN now owns 564,585 shares of the company’s stock worth $8,683,000 after acquiring an additional 92,094 shares during the last quarter.

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.