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

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 116,400 shares, a growth of 158.7% from the October 15th total of 45,000 shares. Based on an average daily trading volume, of 269,300 shares, the days-to-cover ratio is presently 0.4 days.

BlackRock ESG Capital Allocation Term Trust Stock Up 1.5 %

Shares of ECAT stock opened at $15.11 on Monday. The stock has a fifty day moving average price of $14.77 and a 200 day moving average price of $15.28. BlackRock ESG Capital Allocation Term Trust has a 1 year low of $13.34 and a 1 year high of $16.10.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 9.93%.

Insider Activity

In other BlackRock ESG Capital Allocation Term Trust news, major shareholder Saba Capital Management, L.P. purchased 243,551 shares of BlackRock ESG Capital Allocation Term Trust stock in a transaction dated Monday, August 21st. The stock was acquired at an average cost of $15.10 per share, with a total value of $3,677,620.10. Following the acquisition, the insider now directly owns 13,535,660 shares of the company’s stock, valued at $204,388,466. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders acquired 3,188,646 shares of company stock valued at $47,131,224 in the last three months.

Hedge Funds Weigh In On BlackRock ESG Capital Allocation Term Trust

A number of institutional investors have recently made changes to their positions in ECAT. Bessemer Group Inc. increased its stake in BlackRock ESG Capital Allocation Term Trust by 47.5% in the first quarter. Bessemer Group Inc. now owns 2,034 shares of the company’s stock valued at $32,000 after purchasing an additional 655 shares during the last quarter. Creative Planning grew its position in BlackRock ESG Capital Allocation Term Trust by 4.5% during the second quarter. Creative Planning now owns 16,788 shares of the company’s stock valued at $263,000 after acquiring an additional 722 shares during the period. Osaic Holdings Inc. grew its position in BlackRock ESG Capital Allocation Term Trust by 1.7% during the second quarter. Osaic Holdings Inc. now owns 45,490 shares of the company’s stock valued at $712,000 after acquiring an additional 754 shares during the period. Oppenheimer & Co. Inc. grew its position in BlackRock ESG Capital Allocation Term Trust by 3.4% during the third quarter. Oppenheimer & Co. Inc. now owns 22,782 shares of the company’s stock valued at $337,000 after acquiring an additional 758 shares during the period. Finally, Dakota Wealth Management grew its position in BlackRock ESG Capital Allocation Term Trust by 3.8% during the second quarter. Dakota Wealth Management now owns 40,605 shares of the company’s stock valued at $636,000 after acquiring an additional 1,490 shares during the period.

BlackRock ESG Capital Allocation Term Trust Company Profile

BlackRock ESG Capital Allocation Trust’s (ECAT) (the ‘Trust’) investment objectives are to provide total return and income through a combination of current income, current gains and long-term capital appreciation. The Trust invests in a portfolio of equity and debt securities. Generally, the Trust’s portfolio will include both equity and debt securities.