BlackRock Capital Allocation Term Trust (NYSE:BCAT) Short Interest Update

BlackRock Capital Allocation Term Trust (NYSE:BCAT) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 2,523,119 shares, an increase of 84.2% from the August 31st total of 1,369,920 shares. Based on an average daily volume of 1,213,487 shares, the days-to-cover ratio is currently 2.1 days. Currently, 2.4% of the company’s stock are short sold.

Hedge Funds Weigh In On BlackRock Capital Allocation Term Trust

A number of institutional investors have recently modified their holdings of BCAT. McIlrath & Eck LLC grew its position in BlackRock Capital Allocation Term Trust by 169.6% during the 1st quarter. McIlrath & Eck LLC now owns 3,130 shares of the company’s stock worth $44,000 after purchasing an additional 1,969 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of BlackRock Capital Allocation Term Trust in the second quarter valued at about $115,000. Fifth Third Bancorp purchased a new stake in shares of BlackRock Capital Allocation Term Trust in the first quarter valued at about $137,000. BlackRock Inc. acquired a new stake in shares of BlackRock Capital Allocation Term Trust during the second quarter worth about $152,000. Finally, Sovran Advisors LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust during the first quarter worth about $201,000. 36.12% of the stock is owned by institutional investors and hedge funds.

BlackRock Capital Allocation Term Trust Stock Performance

Shares of BlackRock Capital Allocation Term Trust stock opened at $13.71 on Thursday. The company has a fifty day simple moving average of $15.36 and a 200-day simple moving average of $15.31. BlackRock Capital Allocation Term Trust has a 12-month low of $13.43 and a 12-month high of $16.20.

BlackRock Capital Allocation Term Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be given a dividend of $0.2501 per share. The ex-dividend date is Friday, December 11th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 21.9%.

About BlackRock Capital Allocation Term Trust

BlackRock Capital Allocation Term Trust (NYSE: BCAT) is a diversified, closed-end management investment company advised by BlackRock Advisors, LLC. The fund seeks to provide total return through a combination of current income and capital appreciation.

BCAT invests across both equity and debt markets. Its portfolio may include common stocks, preferred securities, convertible securities, investment-grade and below-investment-grade corporate bonds, loans, and other fixed-income instruments.