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

BlackRock Credit Allocation Income Trust (NYSE:BTZ) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 22,400 shares, a decrease of 56.0% from the August 15th total of 50,900 shares. Based on an average daily volume of 252,700 shares, the short-interest ratio is presently 0.1 days.

BlackRock Credit Allocation Income Trust Price Performance

BTZ traded up $0.03 on Friday, reaching $11.15. The stock had a trading volume of 367,743 shares, compared to its average volume of 257,186. The firm has a 50-day moving average of $10.88 and a 200-day moving average of $10.66. BlackRock Credit Allocation Income Trust has a fifty-two week low of $9.10 and a fifty-two week high of $11.16.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.0839 dividend. This represents a $1.01 dividend on an annualized basis and a dividend yield of 9.03%. The ex-dividend date is Monday, September 16th. This is a positive change from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

Institutional Investors Weigh In On BlackRock Credit Allocation Income Trust

A number of institutional investors have recently made changes to their positions in BTZ. Atticus Wealth Management LLC grew its position in shares of BlackRock Credit Allocation Income Trust by 196.4% in the 2nd quarter. Atticus Wealth Management LLC now owns 2,964 shares of the investment management company’s stock valued at $32,000 after buying an additional 1,964 shares during the last quarter. Parallel Advisors LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust in the 4th quarter valued at about $57,000. Affiance Financial LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust in the 1st quarter valued at about $107,000. Patten & Patten Inc. TN bought a new stake in shares of BlackRock Credit Allocation Income Trust during the 1st quarter valued at about $107,000. Finally, MRA Advisory Group bought a new stake in shares of BlackRock Credit Allocation Income Trust during the 1st quarter valued at about $122,000.

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.