BlackRock Credit Allocation Income Trust (NYSE:BTZ) Short Interest Up 28.3% in October

BlackRock Credit Allocation Income Trust (NYSE:BTZ) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 39,900 shares, a growth of 28.3% from the September 30th total of 31,100 shares. Based on an average trading volume of 248,500 shares, the days-to-cover ratio is currently 0.2 days.

BlackRock Credit Allocation Income Trust Price Performance

Shares of NYSE:BTZ opened at $10.70 on Wednesday. BlackRock Credit Allocation Income Trust has a 52 week low of $9.14 and a 52 week high of $11.30. The company’s 50 day moving average is $11.06 and its two-hundred day moving average is $10.75.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be issued a $0.0839 dividend. This represents a $1.01 annualized dividend and a yield of 9.41%. The ex-dividend date of this dividend is Tuesday, October 15th. This is a positive change from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

Institutional Trading of BlackRock Credit Allocation Income Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC increased its holdings in shares of BlackRock Credit Allocation Income Trust by 1,018.1% in the 3rd quarter. International Assets Investment Management LLC now owns 382,636 shares of the investment management company’s stock valued at $43,160,000 after acquiring an additional 348,414 shares during the last quarter. Advisors Asset Management Inc. increased its stake in BlackRock Credit Allocation Income Trust by 138.6% in the first quarter. Advisors Asset Management Inc. now owns 287,659 shares of the investment management company’s stock valued at $3,075,000 after purchasing an additional 167,093 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in BlackRock Credit Allocation Income Trust by 3.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 3,948,185 shares of the investment management company’s stock worth $42,285,000 after purchasing an additional 140,726 shares in the last quarter. Capital Investment Advisors LLC lifted its position in shares of BlackRock Credit Allocation Income Trust by 5.2% during the 3rd quarter. Capital Investment Advisors LLC now owns 954,311 shares of the investment management company’s stock worth $10,765,000 after buying an additional 47,124 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of BlackRock Credit Allocation Income Trust by 4.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 961,789 shares of the investment management company’s stock valued at $10,301,000 after buying an additional 41,322 shares in the last quarter.

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.