BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Sees Significant Decline in Short Interest

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totaling 274,733 shares, a decline of 50.8% from the November 30th total of 558,225 shares. Based on an average daily trading volume, of 326,033 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 326,033 shares, the days-to-cover ratio is currently 0.8 days.

BlackRock ESG Capital Allocation Term Trust Stock Up 0.1%

NYSE:ECAT traded up $0.01 during mid-day trading on Friday, hitting $15.59. The stock had a trading volume of 218,984 shares, compared to its average volume of 344,219. BlackRock ESG Capital Allocation Term Trust has a twelve month low of $13.35 and a twelve month high of $17.16. The stock has a 50-day simple moving average of $15.95 and a two-hundred day simple moving average of $16.21.

BlackRock ESG Capital Allocation Term Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be given a dividend of $0.2785 per share. This represents a c) annualized dividend and a dividend yield of 21.4%. The ex-dividend date of this dividend is Monday, December 22nd.

Hedge Funds Weigh In On BlackRock ESG Capital Allocation Term Trust

Several large investors have recently bought and sold shares of ECAT. Comerica Bank raised its stake in BlackRock ESG Capital Allocation Term Trust by 29.2% in the first quarter. Comerica Bank now owns 16,899 shares of the company’s stock valued at $266,000 after buying an additional 3,823 shares in the last quarter. Ieq Capital LLC purchased a new stake in BlackRock ESG Capital Allocation Term Trust during the first quarter worth approximately $1,999,000. Baird Financial Group Inc. lifted its stake in BlackRock ESG Capital Allocation Term Trust by 59.8% during the first quarter. Baird Financial Group Inc. now owns 75,176 shares of the company’s stock worth $1,186,000 after purchasing an additional 28,136 shares during the last quarter. Jane Street Group LLC acquired a new position in BlackRock ESG Capital Allocation Term Trust in the first quarter valued at approximately $340,000. Finally, SeaCrest Wealth Management LLC increased its stake in BlackRock ESG Capital Allocation Term Trust by 8.8% in the second quarter. SeaCrest Wealth Management LLC now owns 25,802 shares of the company’s stock valued at $414,000 after purchasing an additional 2,089 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.