BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Sees Significant Increase in Short Interest

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 321,238 shares, an increase of 245.9% from the June 30th total of 92,879 shares. Based on an average daily volume of 473,197 shares, the days-to-cover ratio is presently 0.7 days.

BlackRock ESG Capital Allocation Term Trust Price Performance

Shares of NYSE:ECAT traded down $0.07 during midday trading on Friday, reaching $15.07. The company’s stock had a trading volume of 462,619 shares, compared to its average volume of 524,953. BlackRock ESG Capital Allocation Term Trust has a 1 year low of $13.36 and a 1 year high of $17.14. The business has a 50 day moving average price of $15.49 and a 200 day moving average price of $15.11.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.2688 dividend. This represents a c) dividend on an annualized basis and a yield of 21.4%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ECAT. Wolverine Asset Management LLC purchased a new stake in shares of BlackRock ESG Capital Allocation Term Trust during the 4th quarter valued at $1,313,000. RFG Advisory LLC purchased a new position in shares of BlackRock ESG Capital Allocation Term Trust in the 4th quarter worth $920,000. Wealth Effects LLC purchased a new position in shares of BlackRock ESG Capital Allocation Term Trust in the 1st quarter worth $520,000. Formidable Asset Management LLC boosted its holdings in BlackRock ESG Capital Allocation Term Trust by 30.7% in the fourth quarter. Formidable Asset Management LLC now owns 295,548 shares of the company’s stock valued at $4,847,000 after acquiring an additional 69,357 shares during the last quarter. Finally, Aviance Capital Partners LLC acquired a new position in BlackRock ESG Capital Allocation Term Trust in the first quarter valued at $553,000.

About BlackRock ESG Capital Allocation Term Trust

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.