BlackRock Credit Allocation Income Trust (NYSE:BTZ) Short Interest Update

BlackRock Credit Allocation Income Trust (NYSE:BTZ) saw a large decrease in short interest in March. As of March 31st, there was short interest totaling 38,731 shares, a decrease of 43.7% from the March 15th total of 68,766 shares. Based on an average daily trading volume, of 428,475 shares, the days-to-cover ratio is currently 0.1 days.

BlackRock Credit Allocation Income Trust Trading Down 0.6%

Shares of BTZ stock traded down $0.07 during mid-day trading on Wednesday, reaching $10.44. The company’s stock had a trading volume of 489,432 shares, compared to its average volume of 338,512. BlackRock Credit Allocation Income Trust has a 1-year low of $9.70 and a 1-year high of $11.18. The firm’s 50-day moving average is $10.36 and its two-hundred day moving average is $10.70.

BlackRock Credit Allocation Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.0839 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 9.6%.

Institutional Trading of BlackRock Credit Allocation Income Trust

Several hedge funds have recently modified their holdings of the company. Corient Private Wealth LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust during the fourth quarter worth approximately $845,000. EP Wealth Advisors LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust during the fourth quarter worth approximately $501,000. Millennium Management LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust during the fourth quarter worth approximately $136,000. Evolve Private Wealth LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust during the fourth quarter worth approximately $122,000. Finally, Guggenheim Capital LLC increased its holdings in shares of BlackRock Credit Allocation Income Trust by 4.3% during the fourth quarter. Guggenheim Capital LLC now owns 1,989,430 shares of the investment management company’s stock worth $21,546,000 after buying an additional 82,506 shares in the last quarter.

BlackRock Credit Allocation Income Trust Company Profile

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.