BlackRock Credit Allocation Income Trust (NYSE:BTZ) Short Interest Update

BlackRock Credit Allocation Income Trust (NYSE:BTZ) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 257,357 shares, an increase of 96.8% from the July 15th total of 130,766 shares. Based on an average daily volume of 324,010 shares, the days-to-cover ratio is presently 0.8 days.

BlackRock Credit Allocation Income Trust Stock Down 0.9%

Shares of BlackRock Credit Allocation Income Trust stock traded down $0.09 on Friday, hitting $10.23. The stock had a trading volume of 195,288 shares, compared to its average volume of 302,095. BlackRock Credit Allocation Income Trust has a 52-week low of $9.70 and a 52-week high of $11.18. The company’s 50 day moving average price is $10.14 and its 200 day moving average price is $10.26.

BlackRock Credit Allocation Income Trust Announces Dividend

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 $0.0839 dividend. This represents a c) annualized dividend and a dividend yield of 9.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Ibex Wealth Advisors raised its holdings in shares of BlackRock Credit Allocation Income Trust by 0.9% in the first quarter. Ibex Wealth Advisors now owns 108,640 shares of the investment management company’s stock valued at $1,097,000 after buying an additional 992 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of BlackRock Credit Allocation Income Trust by 3.8% during the third quarter. NewEdge Advisors LLC now owns 29,885 shares of the investment management company’s stock worth $330,000 after buying an additional 1,100 shares during the last quarter. Commonwealth Equity Services LLC increased its position in BlackRock Credit Allocation Income Trust by 4.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 27,600 shares of the investment management company’s stock valued at $299,000 after acquiring an additional 1,102 shares during the period. Elevation Point Wealth Partners LLC increased its position in BlackRock Credit Allocation Income Trust by 1.7% in the 4th quarter. Elevation Point Wealth Partners LLC now owns 81,558 shares of the investment management company’s stock valued at $883,000 after acquiring an additional 1,332 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in BlackRock Credit Allocation Income Trust by 2.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 77,614 shares of the investment management company’s stock valued at $841,000 after acquiring an additional 1,610 shares during the last quarter.

BlackRock Credit Allocation Income Trust Company Profile

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company sponsored by BlackRock Fund Advisors. The trust seeks to provide investors with a high level of current income, as well as the potential for capital appreciation, through an actively managed portfolio of credit and income-producing securities. BTZ primarily focuses on instruments that offer attractive yields while aiming to preserve capital over the long term.

The portfolio is diversified across a broad spectrum of credit sectors, including investment-grade corporate debt, high-yield bonds, leveraged bank loans, residential and commercial mortgage-backed securities, and asset-backed securities.