BlackRock Credit Allocation Income Trust (NYSE:BTZ) Short Interest Update

BlackRock Credit Allocation Income Trust (NYSE:BTZ) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 5,944 shares, a drop of 89.6% from the January 15th total of 57,110 shares. Based on an average trading volume of 358,280 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 358,280 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of BlackRock Credit Allocation Income Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in BlackRock Credit Allocation Income Trust by 1.4% in the 1st quarter. Royal Bank of Canada now owns 889,121 shares of the investment management company’s stock valued at $9,531,000 after purchasing an additional 12,607 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of BlackRock Credit Allocation Income Trust by 56.9% during the first quarter. Jane Street Group LLC now owns 17,799 shares of the investment management company’s stock worth $191,000 after buying an additional 6,455 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new position in shares of BlackRock Credit Allocation Income Trust in the second quarter valued at approximately $112,000. D.A. Davidson & CO. raised its position in shares of BlackRock Credit Allocation Income Trust by 1.1% in the second quarter. D.A. Davidson & CO. now owns 226,837 shares of the investment management company’s stock valued at $2,477,000 after buying an additional 2,489 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of BlackRock Credit Allocation Income Trust by 24.8% during the second quarter. Envestnet Asset Management Inc. now owns 31,753 shares of the investment management company’s stock valued at $347,000 after buying an additional 6,309 shares during the period.

BlackRock Credit Allocation Income Trust Trading Up 0.2%

Shares of BTZ stock traded up $0.03 during mid-day trading on Tuesday, reaching $10.77. The stock had a trading volume of 213,931 shares, compared to its average volume of 314,138. BlackRock Credit Allocation Income Trust has a 12-month low of $9.54 and a 12-month high of $11.18. The business has a 50-day simple moving average of $10.75 and a 200 day simple moving average of $10.92.

BlackRock Credit Allocation Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.0839 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date of this dividend is Friday, March 13th.

About BlackRock Credit Allocation Income Trust

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.