BlackRock Credit Allocation Income Trust (NYSE:BTZ) Stock Short Interest Report for September

BlackRock Credit Allocation Income Trust (NYSE:BTZ) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 73,673 shares, a drop of 64.9% from the September 15th total of 210,163 shares. Based on an average daily volume of 509,678 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC increased its stake in shares of BlackRock Credit Allocation Income Trust by 2,312.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 42,415 shares of the investment management company’s stock valued at $395,000 after purchasing an additional 40,657 shares during the last quarter. Rareview Capital LLC raised its stake in BlackRock Credit Allocation Income Trust by 14.2% during the second quarter. Rareview Capital LLC now owns 420,186 shares of the investment management company’s stock worth $4,588,000 after acquiring an additional 52,274 shares in the last quarter. Susquehanna International Group LLP boosted its stake in shares of BlackRock Credit Allocation Income Trust by 28.1% in the 2nd quarter. Susquehanna International Group LLP now owns 67,473 shares of the investment management company’s stock valued at $690,000 after purchasing an additional 14,798 shares in the last quarter. IMC Chicago LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust in the 2nd quarter valued at approximately $425,000. Finally, Beacon Pointe Advisors LLC acquired a new position in BlackRock Credit Allocation Income Trust during the 2nd quarter worth approximately $124,000.

BlackRock Credit Allocation Income Trust Price Performance

Shares of NYSE BTZ traded up $0.04 during mid-day trading on Tuesday, hitting $9.40. The company had a trading volume of 325,504 shares, compared to its average volume of 319,013. BlackRock Credit Allocation Income Trust has a one year low of $9.25 and a one year high of $11.18. The firm has a 50-day simple moving average of $9.83 and a two-hundred day simple moving average of $10.05.

BlackRock Credit Allocation Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be issued a dividend of $0.0839 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.01 dividend on an annualized basis and a dividend yield of 10.7%.

BlackRock Credit Allocation Income Trust Company Profile

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company that seeks to provide current income and, to a lesser extent, capital appreciation. The trust invests primarily in a portfolio of credit-related securities and other income-producing investments.

Its holdings may include corporate bonds, senior loans, investment-grade and below-investment-grade debt securities, mortgage- and asset-backed securities, and other fixed-income instruments. The portfolio can include securities issued by U.S.