Short Interest in BlackRock Credit Allocation Income Trust (NYSE:BTZ) Declines By 40.0%

BlackRock Credit Allocation Income Trust (NYSE:BTZ) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 88,600 shares, a decline of 40.0% from the August 31st total of 147,700 shares. Based on an average trading volume of 200,800 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 200,800 shares, the short-interest ratio is currently 0.4 days.

BlackRock Credit Allocation Income Trust Stock Down 0.2%

Shares of NYSE BTZ opened at $10.98 on Friday. BlackRock Credit Allocation Income Trust has a 1-year low of $9.54 and a 1-year high of $11.22. The company has a 50-day moving average of $11.02 and a two-hundred day moving average of $10.76.

BlackRock Credit Allocation Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be paid a $0.0839 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%.

Hedge Funds Weigh In On BlackRock Credit Allocation Income Trust

Institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC bought a new position in shares of BlackRock Credit Allocation Income Trust in the first quarter worth about $50,000. Ameritas Advisory Services LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust during the second quarter worth approximately $76,000. WPG Advisers LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust during the first quarter worth approximately $79,000. Newbridge Financial Services Group Inc. bought a new stake in shares of BlackRock Credit Allocation Income Trust during the second quarter worth approximately $86,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of BlackRock Credit Allocation Income Trust by 112.6% during the first quarter. PNC Financial Services Group Inc. now owns 9,371 shares of the investment management company’s stock worth $100,000 after buying an additional 4,964 shares during the last quarter.

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.