BlackRock Capital Allocation Term Trust (NYSE:BCAT) Short Interest Up 115.3% in February

BlackRock Capital Allocation Term Trust (NYSE:BCAT) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 1,000,614 shares, an increase of 115.3% from the January 29th total of 464,650 shares. Based on an average daily volume of 993,509 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.9% of the shares of the company are short sold. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 993,509 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Trading of BlackRock Capital Allocation Term Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Keener Financial Planning LLC bought a new position in BlackRock Capital Allocation Term Trust during the third quarter valued at about $29,000. Geneos Wealth Management Inc. boosted its position in shares of BlackRock Capital Allocation Term Trust by 341.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,045 shares of the company’s stock valued at $31,000 after purchasing an additional 1,582 shares in the last quarter. N.E.W. Advisory Services LLC grew its stake in shares of BlackRock Capital Allocation Term Trust by 100.0% in the 4th quarter. N.E.W. Advisory Services LLC now owns 2,400 shares of the company’s stock worth $34,000 after purchasing an additional 1,200 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in shares of BlackRock Capital Allocation Term Trust by 53.8% in the 3rd quarter. AdvisorNet Financial Inc now owns 2,995 shares of the company’s stock worth $44,000 after purchasing an additional 1,048 shares in the last quarter. Finally, McIlrath & Eck LLC lifted its stake in BlackRock Capital Allocation Term Trust by 971.1% during the third quarter. McIlrath & Eck LLC now owns 2,999 shares of the company’s stock valued at $44,000 after purchasing an additional 2,719 shares during the last quarter. Institutional investors own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Stock Up 0.0%

BlackRock Capital Allocation Term Trust stock traded up $0.01 during trading hours on Friday, hitting $15.17. 804,336 shares of the company traded hands, compared to its average volume of 752,888. The firm’s 50-day simple moving average is $14.65 and its two-hundred day simple moving average is $14.65. BlackRock Capital Allocation Term Trust has a 1-year low of $12.91 and a 1-year high of $15.58.

BlackRock Capital Allocation Term Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a $0.2607 dividend. This represents a c) dividend on an annualized basis and a yield of 20.6%. The ex-dividend date is Friday, March 13th.

BlackRock Capital Allocation Term Trust Company Profile

BlackRock Capital Allocation Term Trust (NYSE: BCAT) is a closed-end, diversified management investment company organized as a term trust. The fund’s primary objective is to deliver high current income and total return by investing across a broad range of credit and equity markets. BCAT seeks to achieve this objective through a portfolio of corporate debt securities, floating-rate loans, convertible securities, common and preferred equity, and asset-backed securities.

BCAT employs an actively managed, multi-sector credit approach that spans investment-grade and below-investment-grade bonds, senior secured loans and structured credit.