BlackRock Credit Allocation Income Trust (NYSE:BTZ) Short Interest Up 80.6% in December

BlackRock Credit Allocation Income Trust (NYSE:BTZ) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 77,224 shares, an increase of 80.6% from the December 15th total of 42,769 shares. Based on an average daily volume of 277,294 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 277,294 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On BlackRock Credit Allocation Income Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Comerica Bank raised its stake in shares of BlackRock Credit Allocation Income Trust by 136.5% in the third quarter. Comerica Bank now owns 4,063 shares of the investment management company’s stock valued at $45,000 after buying an additional 2,345 shares during the period. Caitlin John LLC bought a new stake in BlackRock Credit Allocation Income Trust in the 3rd quarter valued at about $59,000. Ameritas Advisory Services LLC bought a new stake in BlackRock Credit Allocation Income Trust in the 2nd quarter valued at about $76,000. Newbridge Financial Services Group Inc. purchased a new stake in BlackRock Credit Allocation Income Trust during the second quarter valued at about $86,000. Finally, Advisory Services Network LLC bought a new position in BlackRock Credit Allocation Income Trust during the third quarter worth about $103,000.

BlackRock Credit Allocation Income Trust Stock Performance

NYSE BTZ traded down $0.04 during trading hours on Friday, reaching $10.66. 1,137,254 shares of the company were exchanged, compared to its average volume of 377,441. BlackRock Credit Allocation Income Trust has a 1 year low of $9.54 and a 1 year high of $11.18. The business’s 50 day simple moving average is $10.83 and its 200-day simple moving average is $10.95.

BlackRock Credit Allocation Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.0839 per share. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 9.4%.

About BlackRock Credit Allocation Income Trust

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.