BlackRock Capital Allocation Term Trust (NYSE:BCAT) Short Interest Down 39.4% in August

Posted by Defense World Staff on Aug 29th, 2024

BlackRock Capital Allocation Term Trust (NYSE:BCAT – Get Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 15th, there was short interest totalling 133,400 shares, a decrease of 39.4% from the July 31st total of 220,100 shares. Based on an average daily trading volume, of 422,300 shares, the short-interest ratio is currently 0.3 days.

BlackRock Capital Allocation Term Trust Stock Performance

Shares of BCAT opened at $16.22 on Thursday. The company’s fifty day moving average is $16.33 and its 200-day moving average is $16.09. BlackRock Capital Allocation Term Trust has a 12 month low of $13.67 and a 12 month high of $17.18.

BlackRock Capital Allocation Term Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.287 per share. This represents a $3.44 annualized dividend and a yield of 21.23%. This is an increase from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.29. The ex-dividend date is Thursday, August 15th.

Institutional Trading of BlackRock Capital Allocation Term Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. Truist Financial Corp bought a new position in shares of BlackRock Capital Allocation Term Trust in the second quarter valued at approximately $319,000. Quarry LP raised its holdings in BlackRock Capital Allocation Term Trust by 68.4% in the 2nd quarter. Quarry LP now owns 69,034 shares of the company’s stock worth $1,133,000 after acquiring an additional 28,045 shares during the period. Almitas Capital LLC acquired a new position in BlackRock Capital Allocation Term Trust during the 2nd quarter worth $728,000. Prevail Innovative Wealth Advisors LLC bought a new stake in BlackRock Capital Allocation Term Trust during the second quarter valued at about $1,452,000. Finally, Blue Bell Private Wealth Management LLC grew its position in shares of BlackRock Capital Allocation Term Trust by 4.0% in the second quarter. Blue Bell Private Wealth Management LLC now owns 104,722 shares of the company’s stock valued at $1,718,000 after purchasing an additional 4,059 shares during the last quarter. Institutional investors and hedge funds own 36.12% of the company’s stock.