BlackRock Credit Allocation Income Trust (NYSE:BTZ) Stock Short Interest Report for October

BlackRock Credit Allocation Income Trust (NYSE:BTZ) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 251,994 shares, a growth of 242.0% from the September 30th total of 73,673 shares. Based on an average trading volume of 392,438 shares, the days-to-cover ratio is presently 0.6 days.

BlackRock Credit Allocation Income Trust Price Performance

Shares of BTZ traded up $0.06 during trading hours on Thursday, reaching $9.54. The company’s stock had a trading volume of 427,452 shares, compared to its average volume of 329,747. BlackRock Credit Allocation Income Trust has a 1-year low of $9.25 and a 1-year high of $11.18. The company has a 50 day moving average of $9.65 and a two-hundred day moving average of $10.13.

BlackRock Credit Allocation Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be given a $0.0839 dividend. This represents a $1.01 annualized dividend and a yield of 10.5%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Investors Weigh In On BlackRock Credit Allocation Income Trust

Several institutional investors have recently made changes to their positions in BTZ. Bank of America Corp DE bought a new position in shares of BlackRock Credit Allocation Income Trust in the second quarter valued at approximately $48,533,000. D.A. Davidson & CO. boosted its holdings in shares of BlackRock Credit Allocation Income Trust by 57.6% during the 3rd quarter. D.A. Davidson & CO. now owns 769,384 shares of the investment management company’s stock worth $7,163,000 after buying an additional 281,163 shares during the period. Rareview Capital LLC boosted its holdings in shares of BlackRock Credit Allocation Income Trust by 158.3% during the 1st 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 period. Allspring Global Investments Holdings LLC boosted its holdings in shares of BlackRock Credit Allocation Income Trust by 36.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 617,201 shares of the investment management company’s stock worth $6,234,000 after buying an additional 165,959 shares during the period. Finally, Readystate Asset Management LP acquired a new position in BlackRock Credit Allocation Income Trust in the 1st quarter valued at $1,016,000.

BlackRock Credit Allocation Income Trust Company Profile

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company that seeks to provide current income and, to a lesser extent, capital appreciation. The trust invests primarily in a portfolio of credit-related securities and other income-producing investments.

Its holdings may include corporate bonds, senior loans, investment-grade and below-investment-grade debt securities, mortgage- and asset-backed securities, and other fixed-income instruments. The portfolio can include securities issued by U.S.