BlackRock Capital Allocation Term Trust (NYSE:BCAT) Short Interest Update

BlackRock Capital Allocation Term Trust (NYSE:BCAT) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 43,939 shares, a decline of 93.1% from the December 15th total of 640,429 shares. Based on an average daily trading volume, of 762,139 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 762,139 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC lifted its holdings in shares of BlackRock Capital Allocation Term Trust by 8,947.4% during the second quarter. CWM LLC now owns 70,479 shares of the company’s stock worth $1,067,000 after purchasing an additional 69,700 shares during the period. Advisors Asset Management Inc. raised its position in BlackRock Capital Allocation Term Trust by 23.2% during the 2nd quarter. Advisors Asset Management Inc. now owns 293,419 shares of the company’s stock worth $4,442,000 after buying an additional 55,167 shares during the last quarter. Fountainhead AM LLC lifted its stake in BlackRock Capital Allocation Term Trust by 56.3% during the 2nd quarter. Fountainhead AM LLC now owns 88,356 shares of the company’s stock valued at $1,338,000 after acquiring an additional 31,823 shares during the period. Penserra Capital Management LLC boosted its holdings in shares of BlackRock Capital Allocation Term Trust by 3.0% in the 2nd quarter. Penserra Capital Management LLC now owns 1,171,108 shares of the company’s stock valued at $17,730,000 after acquiring an additional 34,597 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its holdings in shares of BlackRock Capital Allocation Term Trust by 83.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,947 shares of the company’s stock valued at $29,000 after acquiring an additional 885 shares during the last quarter. Hedge funds and other institutional investors own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Trading Up 0.3%

BlackRock Capital Allocation Term Trust stock traded up $0.05 during midday trading on Wednesday, reaching $14.70. The company’s stock had a trading volume of 593,900 shares, compared to its average volume of 618,210. The stock’s 50-day simple moving average is $14.34 and its 200-day simple moving average is $14.69. BlackRock Capital Allocation Term Trust has a 52-week low of $12.91 and a 52-week high of $15.91.

BlackRock Capital Allocation Term Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.2607 dividend. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 21.3%.

About BlackRock Capital Allocation Term Trust

BlackRock Capital Allocation Term Trust (NYSE: BCAT) is a closed-end, diversified management investment company organized as a term trust. The fund’s primary objective is to deliver high current income and total return by investing across a broad range of credit and equity markets. BCAT seeks to achieve this objective through a portfolio of corporate debt securities, floating-rate loans, convertible securities, common and preferred equity, and asset-backed securities.

BCAT employs an actively managed, multi-sector credit approach that spans investment-grade and below-investment-grade bonds, senior secured loans and structured credit.