Short Interest in BlackRock Capital Allocation Term Trust (NYSE:BCAT) Expands By 87.4%

BlackRock Capital Allocation Term Trust (NYSE:BCAT) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 253,700 shares, an increase of 87.4% from the February 13th total of 135,400 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 492,900 shares, the short-interest ratio is currently 0.5 days.

BlackRock Capital Allocation Term Trust Price Performance

Shares of BCAT stock opened at $14.75 on Friday. BlackRock Capital Allocation Term Trust has a 12-month low of $14.68 and a 12-month high of $17.18. The firm has a fifty day moving average of $15.45 and a 200-day moving average of $15.90.

BlackRock Capital Allocation Term Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.2872 dividend. This represents a $3.45 dividend on an annualized basis and a dividend yield of 23.38%. The ex-dividend date is Friday, March 14th. This is a positive change from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10.

Hedge Funds Weigh In On BlackRock Capital Allocation Term Trust

A number of large investors have recently modified their holdings of the business. Penserra Capital Management LLC acquired a new stake in BlackRock Capital Allocation Term Trust in the 3rd quarter valued at about $15,901,000. CF Capital LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust during the 4th quarter worth $7,501,000. Cohen & Steers Inc. grew its stake in BlackRock Capital Allocation Term Trust by 30.0% during the fourth quarter. Cohen & Steers Inc. now owns 943,751 shares of the company’s stock worth $14,298,000 after buying an additional 218,000 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of BlackRock Capital Allocation Term Trust during the 4th quarter worth approximately $3,161,000. Finally, Bank of America Corp DE increased its stake in shares of BlackRock Capital Allocation Term Trust by 9.0% in the 4th quarter. Bank of America Corp DE now owns 1,183,518 shares of the company’s stock valued at $17,930,000 after purchasing an additional 98,210 shares during the last quarter. 36.12% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Capital Allocation Term Trust Company Profile

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