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

BlackRock Credit Allocation Income Trust (NYSE:BTZ) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 197,800 shares, agrowthof59.3% from the June 30th total of 124,200 shares. Based on an average trading volume of 193,200 shares, the short-interest ratio is currently 1.0 days. Based on an average trading volume of 193,200 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Sound Income Strategies LLC purchased a new stake in BlackRock Credit Allocation Income Trust in the first quarter valued at approximately $50,000. Ameritas Advisory Services LLC purchased a new stake in BlackRock Credit Allocation Income Trust in the second quarter valued at approximately $76,000. WPG Advisers LLC purchased a new stake in BlackRock Credit Allocation Income Trust in the first quarter valued at approximately $79,000. PNC Financial Services Group Inc. raised its position in BlackRock Credit Allocation Income Trust by 112.6% in the first quarter. PNC Financial Services Group Inc. now owns 9,371 shares of the investment management company’s stock valued at $100,000 after purchasing an additional 4,964 shares during the period. Finally, Cullen Frost Bankers Inc. purchased a new stake in BlackRock Credit Allocation Income Trust in the first quarter valued at approximately $103,000.

BlackRock Credit Allocation Income Trust Trading Up 0.3%

BTZ opened at $11.09 on Friday. BlackRock Credit Allocation Income Trust has a one year low of $9.54 and a one year high of $11.30. The business’s 50 day moving average price is $10.87 and its 200 day moving average price is $10.68.

BlackRock Credit Allocation Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a $0.0839 dividend. The ex-dividend date is Friday, August 15th. This represents a c) dividend on an annualized basis and a yield of 9.1%.

BlackRock Credit Allocation Income Trust Company Profile

BlackRock Credit Allocation Income Trust is a closed ended balanced mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. It invests in the fixed income markets across the globe. For the fixed income portion of the portfolio, the fund primarily invests in securities with an average credit quality of BBB by Standard & Poor's Corporation.