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

BlackRock Capital Allocation Term Trust (NYSE:BCAT) was the target of a significant increase in short interest in August. As of August 15th, there was short interest totaling 192,300 shares, an increase of 32.4% from the July 31st total of 145,200 shares. Based on an average daily volume of 576,300 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 576,300 shares, the short-interest ratio is currently 0.3 days.

BlackRock Capital Allocation Term Trust Stock Down 0.0%

Shares of BCAT stock opened at $15.21 on Thursday. The business’s fifty day simple moving average is $14.98 and its 200-day simple moving average is $14.78. BlackRock Capital Allocation Term Trust has a 12-month low of $12.91 and a 12-month high of $16.80.

BlackRock Capital Allocation Term Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.2699 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 21.3%.

Hedge Funds Weigh In On BlackRock Capital Allocation Term Trust

A number of large investors have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in shares of BlackRock Capital Allocation Term Trust by 401.7% during the first quarter. Royal Bank of Canada now owns 428,585 shares of the company’s stock valued at $6,172,000 after buying an additional 343,154 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of BlackRock Capital Allocation Term Trust by 8.9% during the second quarter. Bank of America Corp DE now owns 1,424,014 shares of the company’s stock valued at $21,560,000 after buying an additional 116,151 shares during the last quarter. Advisor Resource Council purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the first quarter valued at $1,482,000. Penserra Capital Management LLC grew its holdings in shares of BlackRock Capital Allocation Term Trust by 9.7% during the first quarter. Penserra Capital Management LLC now owns 1,136,511 shares of the company’s stock valued at $16,365,000 after buying an additional 100,038 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in BlackRock Capital Allocation Term Trust in the second quarter valued at $1,488,000. 36.12% of the stock is owned by institutional investors and hedge funds.

About BlackRock Capital Allocation Term Trust

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