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

BlackRock Credit Allocation Income Trust (NYSE:BTZ) saw a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 67,973 shares, a drop of 73.0% from the October 15th total of 251,994 shares. Based on an average daily trading volume, of 506,951 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On BlackRock Credit Allocation Income Trust

A number of large investors have recently added to or reduced their stakes in the stock. Pin Oak Investment Advisors Inc. purchased a new position in BlackRock Credit Allocation Income Trust during the second quarter worth approximately $508,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust in the second quarter valued at $812,000. EP Wealth Advisors LLC purchased a new stake in BlackRock Credit Allocation Income Trust during the second quarter worth about $525,000. First Trust Advisors LP lifted its holdings in BlackRock Credit Allocation Income Trust by 59.8% during the 1st quarter. First Trust Advisors LP now owns 209,683 shares of the investment management company’s stock worth $2,118,000 after buying an additional 78,497 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in BlackRock Credit Allocation Income Trust in the second quarter valued at $549,000.

BlackRock Credit Allocation Income Trust Trading Down 0.2%

NYSE:BTZ traded down $0.01 during mid-day trading on Friday, hitting $9.36. 234,395 shares of the company’s stock traded hands, compared to its average volume of 340,728. BlackRock Credit Allocation Income Trust has a twelve month low of $9.25 and a twelve month high of $11.04. The company has a fifty day moving average of $9.51 and a 200 day moving average of $10.06.

BlackRock Credit Allocation Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be paid a dividend of $0.0839 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.01 dividend on an annualized basis and a dividend yield of 10.8%.

About BlackRock Credit Allocation Income Trust

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a publicly traded closed-end management investment company. The trust seeks to provide current income and, secondarily, total return through a professionally managed portfolio of credit-related fixed-income investments. Its portfolio may include corporate bonds, bank loans, mortgage- and asset-backed securities, government and agency securities, preferred securities, and other debt instruments. The trust can invest across a range of credit qualities and maturities, including securities issued by companies and entities in the United States and other countries.