BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Sees Large Drop in Short Interest

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 126,475 shares, a decline of 54.0% from the December 15th total of 274,733 shares. Based on an average trading volume of 437,683 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 437,683 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Keener Financial Planning LLC bought a new stake in BlackRock ESG Capital Allocation Term Trust during the third quarter worth approximately $30,000. PNC Financial Services Group Inc. purchased a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the third quarter worth approximately $49,000. Geneos Wealth Management Inc. boosted its stake in shares of BlackRock ESG Capital Allocation Term Trust by 630.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,155 shares of the company’s stock valued at $51,000 after buying an additional 2,723 shares during the period. Triumph Capital Management purchased a new position in BlackRock ESG Capital Allocation Term Trust in the third quarter valued at about $62,000. Finally, Mather Group LLC. acquired a new position in BlackRock ESG Capital Allocation Term Trust in the third quarter worth approximately $75,000.

BlackRock ESG Capital Allocation Term Trust Stock Performance

NYSE:ECAT traded down $0.04 on Friday, reaching $15.90. The stock had a trading volume of 560,399 shares, compared to its average volume of 453,473. BlackRock ESG Capital Allocation Term Trust has a 12-month low of $13.35 and a 12-month high of $17.16. The company has a 50-day moving average of $15.77 and a 200 day moving average of $16.19.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a dividend of $0.277 per share. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a yield of 20.9%.

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.