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

BlackRock Credit Allocation Income Trust (NYSE:BTZ) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 106,300 shares, a growth of 76.0% from the January 31st total of 60,400 shares. Based on an average daily volume of 262,600 shares, the short-interest ratio is currently 0.4 days.

BlackRock Credit Allocation Income Trust Stock Performance

NYSE BTZ opened at $10.84 on Tuesday. The company’s fifty day moving average is $10.67 and its two-hundred day moving average is $10.87. BlackRock Credit Allocation Income Trust has a 52-week low of $9.92 and a 52-week high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.0839 per share. This represents a $1.01 dividend on an annualized basis and a dividend yield of 9.29%. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Friday, February 14th.

Hedge Funds Weigh In On BlackRock Credit Allocation Income Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in BTZ. Valley Brook Capital Group Inc. lifted its holdings in shares of BlackRock Credit Allocation Income Trust by 7.7% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 21,946 shares of the investment management company’s stock worth $248,000 after acquiring an additional 1,570 shares during the period. Fiera Capital Corp raised its stake in shares of BlackRock Credit Allocation Income Trust by 6.4% in the third quarter. Fiera Capital Corp now owns 174,503 shares of the investment management company’s stock worth $1,968,000 after acquiring an additional 10,475 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of BlackRock Credit Allocation Income Trust by 1.3% in the third quarter. Thrivent Financial for Lutherans now owns 259,111 shares of the investment management company’s stock worth $2,922,000 after acquiring an additional 3,353 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of BlackRock Credit Allocation Income Trust by 0.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 382,831 shares of the investment management company’s stock worth $4,318,000 after buying an additional 3,160 shares during the period. Finally, Horizon Kinetics Asset Management LLC grew its position in shares of BlackRock Credit Allocation Income Trust by 25.6% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 51,023 shares of the investment management company’s stock worth $576,000 after buying an additional 10,389 shares during the period.

About BlackRock Credit Allocation Income Trust

BlackRock Credit Allocation Income Trust is a closed ended balanced mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. It invests in the fixed income markets across the globe. For the fixed income portion of the portfolio, the fund primarily invests in securities with an average credit quality of BBB by Standard & Poor's Corporation.