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

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 110,341 shares, a decrease of 49.3% from the April 15th total of 217,447 shares. Based on an average daily trading volume, of 433,594 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On BlackRock ESG Capital Allocation Term Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Keener Financial Planning LLC bought a new position in shares of BlackRock ESG Capital Allocation Term Trust in the third quarter worth $30,000. PNC Financial Services Group Inc. purchased a new position in BlackRock ESG Capital Allocation Term Trust during the third quarter valued at approximately $49,000. Geneos Wealth Management Inc. increased its holdings in BlackRock ESG Capital Allocation Term Trust by 630.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,155 shares of the company’s stock worth $51,000 after acquiring an additional 2,723 shares during the period. Tucker Asset Management LLC purchased a new stake in BlackRock ESG Capital Allocation Term Trust in the 4th quarter worth approximately $53,000. Finally, Triumph Capital Management bought a new position in BlackRock ESG Capital Allocation Term Trust in the 3rd quarter valued at $62,000.

BlackRock ESG Capital Allocation Term Trust Price Performance

Shares of NYSE ECAT traded down $0.53 during midday trading on Friday, reaching $15.08. The company’s stock had a trading volume of 485,055 shares, compared to its average volume of 546,276. The firm has a 50 day moving average price of $14.45 and a 200-day moving average price of $15.24. BlackRock ESG Capital Allocation Term Trust has a 12-month low of $13.36 and a 12-month high of $17.14.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.2733 per share. This represents a c) dividend on an annualized basis and a dividend yield of 21.7%. The ex-dividend date of this dividend is Monday, June 15th.

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.