Short Interest in BlackRock Credit Allocation Income Trust (NYSE:BTZ) Declines By 62.0%

BlackRock Credit Allocation Income Trust (NYSE:BTZ) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 42,769 shares, a drop of 62.0% from the November 30th total of 112,422 shares. Based on an average trading volume of 220,775 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 220,775 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of BlackRock Credit Allocation Income Trust

Several institutional investors and hedge funds have recently made changes to their positions in BTZ. Stratos Wealth Partners LTD. purchased a new position in BlackRock Credit Allocation Income Trust during the second quarter valued at approximately $112,000. Guggenheim Capital LLC boosted its position in BlackRock Credit Allocation Income Trust by 6.8% during the 2nd quarter. Guggenheim Capital LLC now owns 1,739,889 shares of the investment management company’s stock valued at $19,000,000 after acquiring an additional 110,656 shares in the last quarter. Riverbridge Partners LLC increased its holdings in shares of BlackRock Credit Allocation Income Trust by 3.5% in the 2nd quarter. Riverbridge Partners LLC now owns 65,486 shares of the investment management company’s stock valued at $715,000 after acquiring an additional 2,218 shares during the period. Cetera Investment Advisers raised its position in shares of BlackRock Credit Allocation Income Trust by 83.6% in the 2nd quarter. Cetera Investment Advisers now owns 163,129 shares of the investment management company’s stock worth $1,781,000 after acquiring an additional 74,266 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of BlackRock Credit Allocation Income Trust during the 2nd quarter worth $76,000.

BlackRock Credit Allocation Income Trust Price Performance

Shares of NYSE:BTZ traded up $0.03 during trading on Friday, hitting $10.84. The company had a trading volume of 194,028 shares, compared to its average volume of 230,008. BlackRock Credit Allocation Income Trust has a one year low of $9.54 and a one year high of $11.18. The company has a fifty day simple moving average of $10.93 and a two-hundred day simple moving average of $10.95.

BlackRock Credit Allocation Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be issued a dividend of $0.0839 per share. The ex-dividend date is Monday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 9.3%.

About BlackRock Credit Allocation Income Trust

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company sponsored by BlackRock Fund Advisors. The trust seeks to provide investors with a high level of current income, as well as the potential for capital appreciation, through an actively managed portfolio of credit and income-producing securities. BTZ primarily focuses on instruments that offer attractive yields while aiming to preserve capital over the long term.

The portfolio is diversified across a broad spectrum of credit sectors, including investment-grade corporate debt, high-yield bonds, leveraged bank loans, residential and commercial mortgage-backed securities, and asset-backed securities.