BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Short Interest Up 245.9% in July

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 321,238 shares, a growth of 245.9% from the June 30th total of 92,879 shares. Based on an average daily volume of 473,197 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of BlackRock ESG Capital Allocation Term Trust

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new stake in BlackRock ESG Capital Allocation Term Trust during the 1st quarter worth about $340,000. Cetera Investment Advisers purchased a new position in BlackRock ESG Capital Allocation Term Trust in the 2nd quarter valued at about $340,000. Ameriprise Financial Inc. boosted its stake in shares of BlackRock ESG Capital Allocation Term Trust by 72.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 452,028 shares of the company’s stock worth $7,260,000 after purchasing an additional 190,270 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of BlackRock ESG Capital Allocation Term Trust by 23.7% during the 2nd quarter. Bank of America Corp DE now owns 739,424 shares of the company’s stock worth $11,875,000 after purchasing an additional 141,566 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 630.3% during 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 in the last quarter.

BlackRock ESG Capital Allocation Term Trust Trading Down 0.4%

Shares of NYSE:ECAT traded down $0.07 during midday trading on Friday, hitting $15.07. 462,619 shares of the stock were exchanged, compared to its average volume of 524,953. BlackRock ESG Capital Allocation Term Trust has a twelve month low of $13.36 and a twelve month high of $17.14. The company has a 50 day moving average price of $15.49 and a 200-day moving average price of $15.11.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.2688 per share. This represents a c) annualized dividend and a yield of 21.4%. The ex-dividend date is Tuesday, September 15th.

About BlackRock ESG Capital Allocation Term Trust

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.