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

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 277,370 shares, a growth of 151.4% from the April 30th total of 110,341 shares. Based on an average daily volume of 582,313 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE lifted its holdings 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 during the last quarter. Royal Bank of Canada lifted its holdings in BlackRock ESG Capital Allocation Term Trust by 0.8% during the 1st quarter. Royal Bank of Canada now owns 1,223,160 shares of the company’s stock worth $16,611,000 after buying an additional 9,985 shares during the last quarter. Cetera Investment Advisers lifted its holdings in BlackRock ESG Capital Allocation Term Trust by 11.7% during the 1st quarter. Cetera Investment Advisers now owns 67,685 shares of the company’s stock worth $919,000 after buying an additional 7,100 shares during the last quarter. Aviance Capital Partners LLC purchased a new stake in BlackRock ESG Capital Allocation Term Trust during the 1st quarter worth about $553,000. Finally, Gryphon Financial Partners LLC purchased a new stake in BlackRock ESG Capital Allocation Term Trust during the 1st quarter worth about $153,000.

BlackRock ESG Capital Allocation Term Trust Trading Up 0.4%

ECAT traded up $0.06 on Monday, hitting $15.69. 462,883 shares of the company were exchanged, compared to its average volume of 537,800. BlackRock ESG Capital Allocation Term Trust has a twelve month low of $13.36 and a twelve month high of $17.14. The firm has a 50-day moving average price of $14.65 and a two-hundred day moving average price of $15.17.

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.