BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Sees Large Growth in Short Interest

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 51,400 shares, an increase of 29.1% from the June 30th total of 39,800 shares. Based on an average daily volume of 284,500 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Northwest Financial Advisors bought a new stake in BlackRock ESG Capital Allocation Term Trust during the fourth quarter valued at $27,000. Tower Research Capital LLC TRC boosted its position in shares of BlackRock ESG Capital Allocation Term Trust by 791.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,782 shares of the company’s stock valued at $29,000 after acquiring an additional 1,582 shares during the last quarter. Cape Investment Advisory Inc. purchased a new position in shares of BlackRock ESG Capital Allocation Term Trust during the fourth quarter worth about $98,000. Whittier Trust Co. bought a new position in shares of BlackRock ESG Capital Allocation Term Trust in the second quarter worth approximately $131,000. Finally, PFG Investments LLC purchased a new stake in BlackRock ESG Capital Allocation Term Trust in the first quarter valued at approximately $269,000.

BlackRock ESG Capital Allocation Term Trust Trading Up 0.2 %

Shares of ECAT opened at $17.12 on Tuesday. BlackRock ESG Capital Allocation Term Trust has a twelve month low of $14.02 and a twelve month high of $18.14. The business’s 50-day moving average price is $17.56 and its 200-day moving average price is $17.01.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Monday, July 15th will be paid a $0.299 dividend. This represents a $3.59 annualized dividend and a yield of 20.96%. The ex-dividend date is Monday, July 15th.

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.