Short Interest in BlackRock Credit Allocation Income Trust (NYSE:BTZ) Grows By 337.6%

BlackRock Credit Allocation Income Trust (NYSE:BTZ) was the recipient of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 26,008 shares, a growth of 337.6% from the January 29th total of 5,944 shares. Based on an average daily trading volume, of 263,486 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 263,486 shares, the short-interest ratio is currently 0.1 days.

BlackRock Credit Allocation Income Trust Price Performance

Shares of BTZ opened at $10.62 on Friday. BlackRock Credit Allocation Income Trust has a 1-year low of $9.54 and a 1-year high of $11.18. The firm has a fifty day moving average price of $10.71 and a 200 day moving average price of $10.89.

BlackRock Credit Allocation Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.0839 dividend. This represents a c) annualized dividend and a dividend yield of 9.5%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. MRA Advisory Group lifted its stake in BlackRock Credit Allocation Income Trust by 8.9% in the third quarter. MRA Advisory Group now owns 12,806 shares of the investment management company’s stock valued at $142,000 after buying an additional 1,044 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of BlackRock Credit Allocation Income Trust by 3.8% in the 3rd quarter. NewEdge Advisors LLC now owns 29,885 shares of the investment management company’s stock valued at $330,000 after acquiring an additional 1,100 shares during the period. Commonwealth Equity Services LLC raised its position in BlackRock Credit Allocation Income Trust by 4.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 27,600 shares of the investment management company’s stock valued at $299,000 after purchasing an additional 1,102 shares during the last quarter. Ibex Wealth Advisors raised its position in BlackRock Credit Allocation Income Trust by 1.1% in the 2nd quarter. Ibex Wealth Advisors now owns 114,752 shares of the investment management company’s stock valued at $1,253,000 after purchasing an additional 1,196 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC boosted its stake in BlackRock Credit Allocation Income Trust by 1.7% during the 4th quarter. Elevation Point Wealth Partners LLC now owns 81,558 shares of the investment management company’s stock worth $883,000 after purchasing an additional 1,332 shares during the period.

BlackRock Credit Allocation Income Trust Company Profile

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company sponsored by BlackRock Fund Advisors. The trust seeks to provide investors with a high level of current income, as well as the potential for capital appreciation, through an actively managed portfolio of credit and income-producing securities. BTZ primarily focuses on instruments that offer attractive yields while aiming to preserve capital over the long term.

The portfolio is diversified across a broad spectrum of credit sectors, including investment-grade corporate debt, high-yield bonds, leveraged bank loans, residential and commercial mortgage-backed securities, and asset-backed securities.