BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Sees Large Decrease in Short Interest

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the recipient of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 104,062 shares, a decline of 58.1% from the October 15th total of 248,636 shares. Based on an average daily volume of 603,385 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ECAT. Royal Bank of Canada boosted its stake in shares of BlackRock ESG Capital Allocation Term Trust by 0.8% during the 1st quarter. Royal Bank of Canada now owns 1,223,160 shares of the company’s stock worth $16,611,000 after acquiring an additional 9,985 shares in the last quarter. Bank of America Corp DE increased its stake in shares of BlackRock ESG Capital Allocation Term Trust by 0.5% in the 1st quarter. Bank of America Corp DE now owns 785,898 shares of the company’s stock valued at $10,672,000 after purchasing an additional 3,985 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in BlackRock ESG Capital Allocation Term Trust in the 3rd quarter worth about $9,969,000. Flagship Harbor Advisors LLC raised its holdings in BlackRock ESG Capital Allocation Term Trust by 7.1% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 628,428 shares of the company’s stock worth $8,710,000 after purchasing an additional 41,781 shares during the period. Finally, Mason & Associates Inc raised its holdings in BlackRock ESG Capital Allocation Term Trust by 7.6% in the 2nd quarter. Mason & Associates Inc now owns 357,593 shares of the company’s stock worth $5,621,000 after purchasing an additional 25,389 shares during the period.

BlackRock ESG Capital Allocation Term Trust Price Performance

Shares of NYSE ECAT opened at $12.46 on Friday. The company’s fifty day moving average price is $13.83 and its 200 day moving average price is $14.78. BlackRock ESG Capital Allocation Term Trust has a 1 year low of $12.39 and a 1 year high of $16.09.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be issued a $0.2644 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $3.17 dividend on an annualized basis and a yield of 25.5%.

About BlackRock ESG Capital Allocation Term Trust

BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) is a closed-end investment fund managed by BlackRock Advisors. Rather than operating a business, the trust invests in a portfolio of securities with the goal of generating total return through income and capital appreciation. Its portfolio may include equity and debt securities from issuers in the United States and other countries, spanning different industries and parts of the capital structure. The fund incorporates environmental, social and governance considerations into its investment process.