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

BlackRock Credit Allocation Income Trust (NYSE:BTZ) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 73,673 shares, a decrease of 64.9% from the September 15th total of 210,163 shares. Based on an average daily trading volume, of 509,678 shares, the short-interest ratio is currently 0.1 days.

BlackRock Credit Allocation Income Trust Price Performance

BTZ stock traded down $0.06 during mid-day trading on Wednesday, hitting $9.35. The stock had a trading volume of 513,314 shares, compared to its average volume of 320,000. BlackRock Credit Allocation Income Trust has a 52 week low of $9.25 and a 52 week high of $11.18. The firm has a fifty day simple moving average of $9.80 and a 200 day simple moving average of $10.04.

BlackRock Credit Allocation Income Trust Dividend Announcement

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 issued a dividend of $0.0839 per share. This represents a $1.01 dividend on an annualized basis and a dividend yield of 10.8%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Trading of BlackRock Credit Allocation Income Trust

Several large investors have recently made changes to their positions in the company. Ibex Wealth Advisors boosted its holdings in shares of BlackRock Credit Allocation Income Trust by 0.9% in the 1st quarter. Ibex Wealth Advisors now owns 108,640 shares of the investment management company’s stock valued at $1,097,000 after purchasing an additional 992 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of BlackRock Credit Allocation Income Trust in the 1st quarter valued at $34,000. Waterfront Wealth Inc. raised its holdings in shares of BlackRock Credit Allocation Income Trust by 4.0% during the 1st quarter. Waterfront Wealth Inc. now owns 116,422 shares of the investment management company’s stock worth $1,176,000 after buying an additional 4,510 shares in the last quarter. Stephens Inc. AR acquired a new position in shares of BlackRock Credit Allocation Income Trust during the 1st quarter worth $106,000. Finally, Beacon Pointe Advisors LLC acquired a new position in shares of BlackRock Credit Allocation Income Trust during the 2nd quarter worth $124,000.

About BlackRock Credit Allocation Income Trust

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.