BlackRock Capital Allocation Term Trust (NYSE:BCAT) Shares Shorted: Short Interest Down 83.4% in October

BlackRock Capital Allocation Term Trust (NYSE:BCAT) was the target of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 544,482 shares, a decrease of 83.4% from the October 15th total of 3,286,668 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 641,688 shares, the short-interest ratio is presently 0.8 days.

Institutional Trading of BlackRock Capital Allocation Term Trust

A number of institutional investors and hedge funds have recently made changes to their positions in BCAT. Bank of America Corp DE acquired a new position in BlackRock Capital Allocation Term Trust in the second quarter worth about $24,720,000. Keebeck Wealth Management purchased a new position in BlackRock Capital Allocation Term Trust in the 2nd quarter worth about $5,607,000. Royal Bank of Canada raised its position in BlackRock Capital Allocation Term Trust by 50.2% during the first quarter. Royal Bank of Canada now owns 570,035 shares of the company’s stock valued at $8,055,000 after buying an additional 190,604 shares during the period. Perennial Investment Advisors LLC acquired a new stake in BlackRock Capital Allocation Term Trust during the second quarter valued at $1,826,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in BlackRock Capital Allocation Term Trust during the second quarter worth $571,000. 36.12% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Capital Allocation Term Trust Trading Down 1.9%

Shares of BCAT stock traded down $0.25 during trading on Friday, reaching $12.95. The company’s stock had a trading volume of 455,195 shares, compared to its average volume of 754,840. The stock’s 50-day moving average price is $13.92 and its 200 day moving average price is $14.97. BlackRock Capital Allocation Term Trust has a 1-year low of $12.88 and a 1-year high of $16.20.

BlackRock Capital Allocation Term Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be paid a dividend of $0.2501 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $3.00 annualized dividend and a dividend yield of 23.2%.

BlackRock Capital Allocation Term Trust Company Profile

BlackRock Capital Allocation Term Trust (BCAT) is a diversified, publicly traded closed-end investment fund managed by BlackRock Advisors. It seeks to provide total return through a combination of income and capital appreciation. The fund invests across global markets in equity and debt securities, and may also use derivatives and other investment strategies. Its portfolio can include securities with varying credit quality and risk profiles. BCAT began operations in 2020 and is structured as a term trust, with a planned termination date subject to the fund’s governing documents and any required shareholder action.