BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Short Interest Update

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the recipient of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 162,520 shares, an increase of 245.7% from the January 29th total of 47,017 shares. Based on an average daily volume of 663,864 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 663,864 shares, the days-to-cover ratio is currently 0.2 days.

BlackRock ESG Capital Allocation Term Trust Trading Down 0.1%

Shares of ECAT traded down $0.01 during midday trading on Thursday, hitting $15.23. The stock had a trading volume of 97,977 shares, compared to its average volume of 502,929. BlackRock ESG Capital Allocation Term Trust has a 1 year low of $13.35 and a 1 year high of $17.14. The stock’s 50 day moving average is $15.50 and its 200 day moving average is $16.00.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.277 dividend. This represents a c) annualized dividend and a yield of 21.8%. The ex-dividend date of this dividend is Friday, March 13th.

Hedge Funds Weigh In On BlackRock ESG Capital Allocation Term Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Penserra Capital Management LLC raised its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 13.9% in the third quarter. Penserra Capital Management LLC now owns 1,238,092 shares of the company’s stock valued at $20,304,000 after acquiring an additional 151,210 shares in the last quarter. Royal Bank of Canada increased its position in BlackRock ESG Capital Allocation Term Trust by 14.4% during the 4th quarter. Royal Bank of Canada now owns 1,213,175 shares of the company’s stock valued at $18,659,000 after purchasing an additional 152,844 shares during the period. Invesco Ltd. raised its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 0.3% in the 3rd quarter. Invesco Ltd. now owns 1,072,318 shares of the company’s stock valued at $17,586,000 after purchasing an additional 3,204 shares in the last quarter. Bank of America Corp DE lifted its position in shares of BlackRock ESG Capital Allocation Term Trust by 5.3% in the 3rd quarter. Bank of America Corp DE now owns 778,779 shares of the company’s stock worth $12,772,000 after purchasing an additional 39,355 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in shares of BlackRock ESG Capital Allocation Term Trust by 8.5% during the fourth quarter. Advisors Asset Management Inc. now owns 580,695 shares of the company’s stock valued at $8,931,000 after purchasing an additional 45,612 shares in the last quarter.

BlackRock ESG Capital Allocation Term Trust Company Profile

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.