BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Short Interest Update

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 132,501 shares, a decrease of 52.2% from the May 14th total of 277,370 shares. Based on an average trading volume of 459,974 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Keener Financial Planning LLC bought a new stake in BlackRock ESG Capital Allocation Term Trust in the third quarter worth $30,000. PNC Financial Services Group Inc. bought a new stake in BlackRock ESG Capital Allocation Term Trust in the third quarter worth $49,000. Geneos Wealth Management Inc. lifted its position in BlackRock ESG Capital Allocation Term Trust by 630.3% in the second quarter. Geneos Wealth Management Inc. now owns 3,155 shares of the company’s stock worth $51,000 after buying an additional 2,723 shares during the last quarter. Tucker Asset Management LLC bought a new stake in BlackRock ESG Capital Allocation Term Trust in the fourth quarter worth $53,000. Finally, Triumph Capital Management bought a new stake in BlackRock ESG Capital Allocation Term Trust in the third quarter worth $62,000.

BlackRock ESG Capital Allocation Term Trust Stock Up 2.1%

Shares of NYSE ECAT traded up $0.32 during midday trading on Friday, reaching $15.51. 661,703 shares of the stock traded hands, compared to its average volume of 541,029. BlackRock ESG Capital Allocation Term Trust has a one year low of $13.36 and a one year high of $17.14. The company’s 50 day moving average is $15.02 and its 200 day moving average is $15.14.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.2688 per share. This represents a c) dividend on an annualized basis and a dividend yield of 20.8%. The ex-dividend date is Tuesday, September 15th.

BlackRock ESG Capital Allocation Term Trust Company Profile

BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) is a closed-end management investment company sponsored by BlackRock, Inc The trust seeks to provide investors with a combination of current income and capital appreciation through a diversified portfolio of equity and fixed-income securities. ECAT’s investment strategy integrates environmental, social and governance (ESG) criteria into the selection process, targeting companies whose business practices align with sustainable outcomes while aiming to manage risk and enhance long-term returns.

The fund’s portfolio is constructed and managed by BlackRock Investment Management, LLC, leveraging the firm’s global research capabilities and proprietary ESG analytics.