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

BlackRock Capital Allocation Term Trust (NYSE:BCAT) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 253,700 shares, a growth of 87.4% from the February 13th total of 135,400 shares. Based on an average daily volume of 492,900 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On BlackRock Capital Allocation Term Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. increased its stake in BlackRock Capital Allocation Term Trust by 1.9% during the 4th quarter. Ameriprise Financial Inc. now owns 44,528 shares of the company’s stock valued at $675,000 after purchasing an additional 844 shares in the last quarter. Prospera Financial Services Inc raised its holdings in shares of BlackRock Capital Allocation Term Trust by 5.0% in the 3rd quarter. Prospera Financial Services Inc now owns 23,693 shares of the company’s stock worth $390,000 after purchasing an additional 1,137 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of BlackRock Capital Allocation Term Trust by 13.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 17,150 shares of the company’s stock valued at $260,000 after buying an additional 2,000 shares during the period. Comerica Bank raised its stake in BlackRock Capital Allocation Term Trust by 27.1% in the 4th quarter. Comerica Bank now owns 10,126 shares of the company’s stock valued at $153,000 after acquiring an additional 2,157 shares during the period. Finally, CIBC Private Wealth Group LLC purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the 4th quarter valued at approximately $36,000. 36.12% of the stock is owned by institutional investors.

BlackRock Capital Allocation Term Trust Trading Down 2.0 %

NYSE BCAT opened at $14.75 on Friday. The business’s 50-day moving average price is $15.45 and its two-hundred day moving average price is $15.90. BlackRock Capital Allocation Term Trust has a 12 month low of $14.68 and a 12 month high of $17.18.

BlackRock Capital Allocation Term Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.2872 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.45 annualized dividend and a dividend yield of 23.38%. This is a positive change from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10.

About BlackRock Capital Allocation Term Trust

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