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

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 135,617 shares, a drop of 59.2% from the August 15th total of 332,377 shares. Based on an average daily trading volume, of 418,680 shares, the days-to-cover ratio is currently 0.3 days.

BlackRock ESG Capital Allocation Term Trust Price Performance

Shares of NYSE:ECAT opened at $14.77 on Friday. The business has a 50-day simple moving average of $15.41 and a two-hundred day simple moving average of $15.07. BlackRock ESG Capital Allocation Term Trust has a fifty-two week low of $13.36 and a fifty-two week high of $16.84.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be paid a $0.2644 dividend. The ex-dividend date is Friday, December 11th. This represents a c) dividend on an annualized basis and a dividend yield of 21.5%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in BlackRock ESG Capital Allocation Term Trust in the 1st quarter worth approximately $340,000. Cetera Investment Advisers bought a new position in shares of BlackRock ESG Capital Allocation Term Trust during the 2nd quarter valued at $340,000. Ameriprise Financial Inc. lifted its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 72.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 452,028 shares of the company’s stock valued at $7,260,000 after buying an additional 190,270 shares during the period. Bank of America Corp DE boosted its stake in shares of BlackRock ESG Capital Allocation Term Trust by 23.7% in the 2nd quarter. Bank of America Corp DE now owns 739,424 shares of the company’s stock worth $11,875,000 after buying an additional 141,566 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of BlackRock ESG Capital Allocation Term Trust by 630.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,155 shares of the company’s stock worth $51,000 after buying an additional 2,723 shares during 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.