BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Short Interest Up 119.4% in June

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 290,690 shares, an increase of 119.4% from the May 31st total of 132,501 shares. Based on an average trading volume of 545,463 shares, the days-to-cover ratio is currently 0.5 days.

BlackRock ESG Capital Allocation Term Trust Trading Up 0.2%

ECAT stock traded up $0.03 on Wednesday, reaching $15.75. 659,376 shares of the company were exchanged, compared to its average volume of 533,919. BlackRock ESG Capital Allocation Term Trust has a 12 month low of $13.36 and a 12 month high of $17.14. The stock’s fifty day moving average price is $15.25 and its 200 day moving average price is $15.11.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.2688 dividend. This represents a c) annualized dividend and a dividend yield of 20.5%. The ex-dividend date is Tuesday, September 15th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Wolverine Asset Management LLC acquired a new position in BlackRock ESG Capital Allocation Term Trust in the fourth quarter worth $1,313,000. RFG Advisory LLC bought a new stake in shares of BlackRock ESG Capital Allocation Term Trust during the fourth quarter worth $920,000. Envestnet Asset Management Inc. acquired a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the third quarter valued at $746,000. Wealth Effects LLC acquired a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the first quarter valued at $520,000. Finally, Formidable Asset Management LLC raised its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 30.7% in the fourth quarter. Formidable Asset Management LLC now owns 295,548 shares of the company’s stock valued at $4,847,000 after buying an additional 69,357 shares during the last quarter.

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.