BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Short Interest Down 59.2% in August

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 135,617 shares, a decrease of 59.2% from the August 15th total of 332,377 shares. Based on an average daily volume of 418,680 shares, the short-interest ratio is currently 0.3 days.

BlackRock ESG Capital Allocation Term Trust Stock Performance

Shares of NYSE:ECAT traded down $0.60 on Tuesday, hitting $13.87. 1,250,446 shares of the company were exchanged, compared to its average volume of 532,183. The company’s 50 day moving average price is $15.34 and its two-hundred day moving average price is $15.05. BlackRock ESG Capital Allocation Term Trust has a one year low of $13.36 and a one year high of $16.73.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be given a dividend of $0.2644 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a c) dividend on an annualized basis and a yield of 22.9%.

Hedge Funds Weigh In On BlackRock ESG Capital Allocation Term Trust

Several large investors have recently added to or reduced their stakes in ECAT. XP Advisory US Inc. bought a new position in BlackRock ESG Capital Allocation Term Trust during the second quarter worth about $31,000. Tucker Asset Management LLC acquired a new position in shares of BlackRock ESG Capital Allocation Term Trust in the fourth quarter valued at approximately $53,000. Global Retirement Partners LLC acquired a new position in shares of BlackRock ESG Capital Allocation Term Trust in the fourth quarter valued at approximately $65,000. Fifth Third Bancorp bought a new stake in shares of BlackRock ESG Capital Allocation Term Trust during the first quarter worth $114,000. Finally, Private Advisor Group LLC bought a new stake in shares of BlackRock ESG Capital Allocation Term Trust during the first quarter worth $138,000.

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.