BlackRock Credit Allocation Income Trust (NYSE:BTZ) Sees Large Decline in Short Interest

BlackRock Credit Allocation Income Trust (NYSE:BTZ) saw a large decline in short interest in October. As of October 30th, there was short interest totaling 67,973 shares, a decline of 73.0% from the October 15th total of 251,994 shares. Based on an average trading volume of 506,951 shares, the short-interest ratio is currently 0.1 days.

BlackRock Credit Allocation Income Trust Trading Down 0.2%

Shares of NYSE:BTZ traded down $0.01 during trading hours on Friday, reaching $9.36. The stock had a trading volume of 234,395 shares, compared to its average volume of 340,728. BlackRock Credit Allocation Income Trust has a 1 year low of $9.25 and a 1 year high of $11.04. The firm’s 50 day moving average is $9.51 and its 200-day moving average is $10.06.

BlackRock Credit Allocation Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be issued a $0.0839 dividend. This represents a $1.01 annualized dividend and a yield of 10.8%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Trading of BlackRock Credit Allocation Income Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of BTZ. Provenance Wealth Advisors LLC purchased a new stake in BlackRock Credit Allocation Income Trust during the 3rd quarter worth about $30,000. Fifth Third Bancorp purchased a new position in shares of BlackRock Credit Allocation Income Trust in the 1st quarter valued at about $34,000. First Bank & Trust purchased a new position in shares of BlackRock Credit Allocation Income Trust in the 3rd quarter valued at about $109,000. Beacon Pointe Advisors LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust during the 2nd quarter worth about $124,000. Finally, Northstar Financial Companies Inc. acquired a new stake in shares of BlackRock Credit Allocation Income Trust during the 2nd quarter worth about $133,000.

BlackRock Credit Allocation Income Trust Company Profile

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a publicly traded closed-end management investment company. The trust seeks to provide current income and, secondarily, total return through a professionally managed portfolio of credit-related fixed-income investments. Its portfolio may include corporate bonds, bank loans, mortgage- and asset-backed securities, government and agency securities, preferred securities, and other debt instruments. The trust can invest across a range of credit qualities and maturities, including securities issued by companies and entities in the United States and other countries.