BlackRock Credit Allocation Income Trust (NYSE:BTZ) Short Interest Up 106.0% in August

BlackRock Credit Allocation Income Trust (NYSE:BTZ) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 530,235 shares, an increase of 106.0% from the July 30th total of 257,357 shares. Based on an average daily volume of 329,757 shares, the short-interest ratio is presently 1.6 days.

Institutional Investors Weigh In On BlackRock Credit Allocation Income Trust

A number of institutional investors and hedge funds have recently made changes to their positions in BTZ. Bank of America Corp DE bought a new stake in BlackRock Credit Allocation Income Trust during the second quarter worth $48,533,000. Northwestern Mutual Wealth Management Co. grew its holdings in BlackRock Credit Allocation Income Trust by 1,891.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,513,798 shares of the investment management company’s stock worth $16,394,000 after purchasing an additional 1,437,794 shares during the period. Sit Investment Associates Inc. increased its position in BlackRock Credit Allocation Income Trust by 8.3% during the fourth quarter. Sit Investment Associates Inc. now owns 6,430,309 shares of the investment management company’s stock worth $69,640,000 after buying an additional 492,132 shares during the last quarter. Rareview Capital LLC increased its position in BlackRock Credit Allocation Income Trust by 158.3% during the first quarter. Rareview Capital LLC now owns 367,912 shares of the investment management company’s stock worth $4,018,000 after buying an additional 225,471 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in BlackRock Credit Allocation Income Trust by 36.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 617,201 shares of the investment management company’s stock valued at $6,234,000 after buying an additional 165,959 shares during the period.

BlackRock Credit Allocation Income Trust Price Performance

Shares of NYSE:BTZ opened at $10.14 on Friday. The company’s 50-day moving average price is $10.16 and its two-hundred day moving average price is $10.23. BlackRock Credit Allocation Income Trust has a one year low of $9.70 and a one year high of $11.18.

BlackRock Credit Allocation Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.0839 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 9.9%.

BlackRock Credit Allocation Income Trust Company Profile

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.