BlackRock Capital Allocation Term Trust (NYSE:BCAT) Sees Large Increase in Short Interest

BlackRock Capital Allocation Term Trust (NYSE:BCAT) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 220,100 shares, a growth of 184.7% from the July 15th total of 77,300 shares. Based on an average trading volume of 417,700 shares, the short-interest ratio is presently 0.5 days.

BlackRock Capital Allocation Term Trust Stock Performance

Shares of BCAT stock traded down $0.13 during trading hours on Tuesday, hitting $16.10. The company had a trading volume of 312,100 shares, compared to its average volume of 350,029. The company’s fifty day moving average is $16.39 and its 200 day moving average is $16.04. BlackRock Capital Allocation Term Trust has a fifty-two week low of $13.67 and a fifty-two week high of $17.18.

BlackRock Capital Allocation Term Trust Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be paid a $0.287 dividend. This represents a $3.44 annualized dividend and a yield of 21.39%. The ex-dividend date of this dividend is Thursday, August 15th. This is an increase from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.29.

Institutional Trading of BlackRock Capital Allocation Term Trust

Several institutional investors and hedge funds have recently made changes to their positions in BCAT. Wolverine Asset Management LLC purchased a new position in BlackRock Capital Allocation Term Trust during the 4th quarter worth $1,793,000. UBS Group AG boosted its stake in shares of BlackRock Capital Allocation Term Trust by 8.2% during the fourth quarter. UBS Group AG now owns 1,543,167 shares of the company’s stock worth $23,070,000 after buying an additional 116,638 shares during the period. Stifel Financial Corp grew its holdings in shares of BlackRock Capital Allocation Term Trust by 30.3% during the fourth quarter. Stifel Financial Corp now owns 488,792 shares of the company’s stock worth $7,307,000 after buying an additional 113,628 shares during the last quarter. Prevail Innovative Wealth Advisors LLC acquired a new position in BlackRock Capital Allocation Term Trust in the 2nd quarter valued at about $1,452,000. Finally, PFG Investments LLC purchased a new stake in BlackRock Capital Allocation Term Trust during the 1st quarter valued at approximately $1,324,000. 36.12% of the stock is owned by hedge funds and other institutional investors.

BlackRock Capital Allocation Term Trust Company Profile

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