BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Short Interest Up 112.2% in March

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 300,500 shares, a growth of 112.2% from the February 28th total of 141,600 shares. Based on an average trading volume of 350,300 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ECAT. Wilmington Savings Fund Society FSB acquired a new position in BlackRock ESG Capital Allocation Term Trust in the third quarter valued at about $27,000. IFP Advisors Inc bought a new position in BlackRock ESG Capital Allocation Term Trust during the 4th quarter worth approximately $36,000. Fifth Third Bancorp bought a new position in BlackRock ESG Capital Allocation Term Trust during the 4th quarter worth approximately $74,000. Private Advisor Group LLC bought a new stake in BlackRock ESG Capital Allocation Term Trust in the fourth quarter valued at approximately $178,000. Finally, K2 Principal Fund L.P. acquired a new stake in BlackRock ESG Capital Allocation Term Trust in the fourth quarter worth $187,000.

BlackRock ESG Capital Allocation Term Trust Price Performance

ECAT stock traded down $0.16 during midday trading on Friday, reaching $15.91. The stock had a trading volume of 348,794 shares, compared to its average volume of 281,242. BlackRock ESG Capital Allocation Term Trust has a twelve month low of $15.84 and a twelve month high of $18.14. The business has a fifty day simple moving average of $16.54 and a two-hundred day simple moving average of $17.01.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.3063 per share. This represents a $3.68 annualized dividend and a dividend yield of 23.11%. The ex-dividend date is Friday, March 14th.

BlackRock ESG Capital Allocation Term Trust Company Profile

BlackRock ESG Capital Allocation Trust’s (ECAT) (the ‘Trust’) investment objectives are to provide total return and income through a combination of current income, current gains and long-term capital appreciation. The Trust invests in a portfolio of equity and debt securities. Generally, the Trust’s portfolio will include both equity and debt securities.