BlackRock Capital Allocation Term Trust (NYSE:BCAT) Short Interest Up 115.3% in February

BlackRock Capital Allocation Term Trust (NYSE:BCAT) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 1,000,614 shares, an increase of 115.3% from the January 29th total of 464,650 shares. Based on an average daily volume of 993,509 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.9% of the shares of the company are short sold. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 993,509 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On BlackRock Capital Allocation Term Trust

Several institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC increased its position in BlackRock Capital Allocation Term Trust by 4.7% in the third quarter. NewEdge Advisors LLC now owns 16,100 shares of the company’s stock worth $238,000 after buying an additional 724 shares during the last quarter. Winebrenner Capital Management LLC grew its stake in shares of BlackRock Capital Allocation Term Trust by 2.2% during the 3rd quarter. Winebrenner Capital Management LLC now owns 46,000 shares of the company’s stock worth $680,000 after acquiring an additional 1,000 shares during the period. AdvisorNet Financial Inc increased its holdings in BlackRock Capital Allocation Term Trust by 53.8% in the 3rd quarter. AdvisorNet Financial Inc now owns 2,995 shares of the company’s stock worth $44,000 after acquiring an additional 1,048 shares during the last quarter. N.E.W. Advisory Services LLC increased its holdings in BlackRock Capital Allocation Term Trust by 100.0% in the 4th quarter. N.E.W. Advisory Services LLC now owns 2,400 shares of the company’s stock worth $34,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Perennial Investment Advisors LLC raised its stake in BlackRock Capital Allocation Term Trust by 2.3% in the 3rd quarter. Perennial Investment Advisors LLC now owns 54,867 shares of the company’s stock valued at $811,000 after acquiring an additional 1,211 shares during the period. Hedge funds and other institutional investors own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Price Performance

Shares of NYSE:BCAT traded down $0.03 during midday trading on Friday, reaching $15.13. The company had a trading volume of 166,246 shares, compared to its average volume of 736,028. The company’s 50 day moving average price is $14.64 and its 200 day moving average price is $14.65. BlackRock Capital Allocation Term Trust has a 52-week low of $12.91 and a 52-week high of $15.58.

BlackRock Capital Allocation Term Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.2607 per share. This represents a c) dividend on an annualized basis and a dividend yield of 20.7%. The ex-dividend date of this dividend is Friday, March 13th.

BlackRock Capital Allocation Term Trust Company Profile

BlackRock Capital Allocation Term Trust (NYSE: BCAT) is a closed-end, diversified management investment company organized as a term trust. The fund’s primary objective is to deliver high current income and total return by investing across a broad range of credit and equity markets. BCAT seeks to achieve this objective through a portfolio of corporate debt securities, floating-rate loans, convertible securities, common and preferred equity, and asset-backed securities.

BCAT employs an actively managed, multi-sector credit approach that spans investment-grade and below-investment-grade bonds, senior secured loans and structured credit.