BlackRock Capital Allocation Term Trust (NYSE:BCAT) Short Interest Update

BlackRock Capital Allocation Term Trust (NYSE:BCAT) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 640,429 shares, a growth of 25.0% from the November 30th total of 512,203 shares. Based on an average daily trading volume, of 608,344 shares, the short-interest ratio is presently 1.1 days. Currently, 0.6% of the shares of the company are sold short. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 608,344 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE increased its stake in BlackRock Capital Allocation Term Trust by 8.9% during the second quarter. Bank of America Corp DE now owns 1,424,014 shares of the company’s stock worth $21,560,000 after purchasing an additional 116,151 shares during the period. Invesco Ltd. boosted its stake in BlackRock Capital Allocation Term Trust by 4.3% in the third quarter. Invesco Ltd. now owns 1,324,286 shares of the company’s stock valued at $19,586,000 after acquiring an additional 54,297 shares in the last quarter. Penserra Capital Management LLC increased its position in BlackRock Capital Allocation Term Trust by 11.3% during the third quarter. Penserra Capital Management LLC now owns 1,303,212 shares of the company’s stock worth $19,274,000 after buying an additional 132,104 shares during the period. Rockefeller Capital Management L.P. raised its position in BlackRock Capital Allocation Term Trust by 1.6% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 489,888 shares of the company’s stock valued at $7,417,000 after purchasing an additional 7,890 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of BlackRock Capital Allocation Term Trust by 25.1% during the third quarter. Raymond James Financial Inc. now owns 467,447 shares of the company’s stock worth $6,914,000 after buying an additional 93,659 shares during the period. Institutional investors and hedge funds own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Price Performance

BCAT traded down $0.04 during midday trading on Wednesday, hitting $14.23. 594,292 shares of the company were exchanged, compared to its average volume of 554,739. BlackRock Capital Allocation Term Trust has a 1-year low of $12.91 and a 1-year high of $15.91. The company’s 50 day simple moving average is $14.38 and its 200 day simple moving average is $14.73.

BlackRock Capital Allocation Term Trust Cuts Dividend

The company 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 $0.262 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 22.1%.

BlackRock Capital Allocation Term Trust Company Profile

BlackRock Capital Allocation Term Trust (NYSE: BCAT) is a closed-end, diversified management investment company organized as a term trust. The fund’s primary objective is to deliver high current income and total return by investing across a broad range of credit and equity markets. BCAT seeks to achieve this objective through a portfolio of corporate debt securities, floating-rate loans, convertible securities, common and preferred equity, and asset-backed securities.

BCAT employs an actively managed, multi-sector credit approach that spans investment-grade and below-investment-grade bonds, senior secured loans and structured credit.