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

BlackRock Credit Allocation Income Trust (NYSE:BTZ) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 26,008 shares, a growth of 337.6% from the January 29th total of 5,944 shares. Based on an average daily volume of 263,486 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 263,486 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of BlackRock Credit Allocation Income Trust

A number of hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada boosted 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 buying an additional 12,607 shares in the last quarter. Jane Street Group LLC lifted 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 valued at $191,000 after acquiring an additional 6,455 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of BlackRock Credit Allocation Income Trust by 24.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 31,753 shares of the investment management company’s stock valued at $347,000 after purchasing an additional 6,309 shares in the last quarter. Rareview Capital LLC grew its holdings in shares of BlackRock Credit Allocation Income Trust by 3.6% in the 2nd quarter. Rareview Capital LLC now owns 159,518 shares of the investment management company’s stock worth $1,742,000 after purchasing an additional 5,470 shares during the last quarter. Finally, Penserra Capital Management LLC grew its holdings in shares of BlackRock Credit Allocation Income Trust by 3.0% in the 2nd quarter. Penserra Capital Management LLC now owns 491,558 shares of the investment management company’s stock worth $5,367,000 after purchasing an additional 14,529 shares during the last quarter.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of BlackRock Credit Allocation Income Trust stock traded down $0.03 during midday trading on Friday, hitting $10.62. The company’s stock had a trading volume of 341,097 shares, compared to its average volume of 296,910. BlackRock Credit Allocation Income Trust has a 1-year low of $9.54 and a 1-year high of $11.18. The stock has a 50-day simple moving average of $10.71 and a 200-day simple moving average of $10.89.

BlackRock Credit Allocation Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.0839 per share. This represents a c) dividend on an annualized basis and a yield of 9.5%. The ex-dividend date 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.