BlackRock Credit Allocation Income Trust (NYSE:BTZ) Short Interest Down 62.0% in December

BlackRock Credit Allocation Income Trust (NYSE:BTZ) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totaling 42,769 shares, a decline of 62.0% from the November 30th total of 112,422 shares. Based on an average trading volume of 220,775 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 220,775 shares, the short-interest ratio is currently 0.2 days.

BlackRock Credit Allocation Income Trust Stock Up 0.2%

Shares of BlackRock Credit Allocation Income Trust stock traded up $0.03 during trading hours on Friday, hitting $10.84. The company’s stock had a trading volume of 194,028 shares, compared to its average volume of 230,008. The stock has a 50 day moving average of $10.93 and a 200 day moving average of $10.95. BlackRock Credit Allocation Income Trust has a 12 month low of $9.54 and a 12 month high of $11.18.

BlackRock Credit Allocation Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be issued a dividend of $0.0839 per share. This represents a c) annualized dividend and a yield of 9.3%. The ex-dividend date is Monday, December 22nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Comerica Bank raised its holdings in shares of BlackRock Credit Allocation Income Trust by 136.5% during the third quarter. Comerica Bank now owns 4,063 shares of the investment management company’s stock worth $45,000 after acquiring an additional 2,345 shares during the period. Caitlin John LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust in the 3rd quarter valued at about $59,000. Ameritas Advisory Services LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust in the 2nd quarter valued at about $76,000. WPG Advisers LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust in the first quarter valued at about $79,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of BlackRock Credit Allocation Income Trust during the second quarter worth about $86,000.

BlackRock Credit Allocation Income Trust Company Profile

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company sponsored by BlackRock Fund Advisors. The trust seeks to provide investors with a high level of current income, as well as the potential for capital appreciation, through an actively managed portfolio of credit and income-producing securities. BTZ primarily focuses on instruments that offer attractive yields while aiming to preserve capital over the long term.

The portfolio is diversified across a broad spectrum of credit sectors, including investment-grade corporate debt, high-yield bonds, leveraged bank loans, residential and commercial mortgage-backed securities, and asset-backed securities.