BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Short Interest Down 68.0% in June

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 92,879 shares, a decline of 68.0% from the June 15th total of 290,690 shares. Based on an average trading volume of 459,972 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC acquired a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the first quarter valued at approximately $340,000. Cetera Investment Advisers acquired a new stake in BlackRock ESG Capital Allocation Term Trust during the second quarter worth approximately $340,000. Ameriprise Financial Inc. grew its position in BlackRock ESG Capital Allocation Term Trust by 72.7% during the second quarter. Ameriprise Financial Inc. now owns 452,028 shares of the company’s stock worth $7,260,000 after buying an additional 190,270 shares in the last quarter. Bank of America Corp DE increased its stake in BlackRock ESG Capital Allocation Term Trust by 23.7% during the 2nd quarter. Bank of America Corp DE now owns 739,424 shares of the company’s stock worth $11,875,000 after acquiring an additional 141,566 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in BlackRock ESG Capital Allocation Term Trust by 630.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,155 shares of the company’s stock worth $51,000 after acquiring an additional 2,723 shares during the period.

BlackRock ESG Capital Allocation Term Trust Price Performance

NYSE:ECAT traded up $0.01 during mid-day trading on Monday, reaching $15.86. 128,620 shares of the company’s stock were exchanged, compared to its average volume of 524,508. BlackRock ESG Capital Allocation Term Trust has a one year low of $13.36 and a one year high of $17.14. The business’s fifty day simple moving average is $15.44 and its two-hundred day simple moving average is $15.11.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.2688 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 20.3%.

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.