Short Interest in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Rises By 94.6%

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 146,700 shares, a growth of 94.6% from the October 31st total of 75,400 shares. Based on an average daily trading volume, of 236,700 shares, the days-to-cover ratio is presently 0.6 days.

BlackRock ESG Capital Allocation Term Trust Price Performance

ECAT traded up $0.11 on Friday, hitting $17.46. 238,569 shares of the company were exchanged, compared to its average volume of 259,186. The firm has a fifty day simple moving average of $17.45 and a two-hundred day simple moving average of $17.42. BlackRock ESG Capital Allocation Term Trust has a 12 month low of $15.52 and a 12 month high of $18.14.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.305 dividend. This represents a $3.66 annualized dividend and a dividend yield of 20.96%. The ex-dividend date of this dividend was Friday, November 15th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Comerica Bank grew its stake in shares of BlackRock ESG Capital Allocation Term Trust by 4.7% in the first quarter. Comerica Bank now owns 19,896 shares of the company’s stock worth $345,000 after purchasing an additional 895 shares during the last quarter. Dakota Wealth Management increased its stake in shares of BlackRock ESG Capital Allocation Term Trust by 4.2% during the second quarter. Dakota Wealth Management now owns 42,863 shares of the company’s stock valued at $752,000 after buying an additional 1,735 shares during the period. Whittier Trust Co. purchased a new position in shares of BlackRock ESG Capital Allocation Term Trust during the second quarter valued at approximately $131,000. PFG Investments LLC raised its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 17.4% during the second quarter. PFG Investments LLC now owns 18,200 shares of the company’s stock valued at $319,000 after acquiring an additional 2,700 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in BlackRock ESG Capital Allocation Term Trust by 209.4% in the second quarter. Oppenheimer & Co. Inc. now owns 271,720 shares of the company’s stock valued at $4,766,000 after acquiring an additional 183,911 shares in the last quarter.

About BlackRock ESG Capital Allocation Term Trust

BlackRock ESG Capital Allocation Trust’s (ECAT) (the ‘Trust’) investment objectives are to provide total return and income through a combination of current income, current gains and long-term capital appreciation. The Trust invests in a portfolio of equity and debt securities. Generally, the Trust’s portfolio will include both equity and debt securities.