BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) Sees Large Increase in Short Interest

BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 24,200 shares, an increase of 214.3% from the October 31st total of 7,700 shares. Based on an average daily volume of 113,200 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On BlackRock Enhanced Capital and Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of CII. Mather Group LLC. bought a new position in shares of BlackRock Enhanced Capital and Income Fund during the second quarter worth about $47,000. TPG Advisors LLC bought a new position in BlackRock Enhanced Capital and Income Fund during the 2nd quarter worth approximately $211,000. Sanctuary Advisors LLC acquired a new position in shares of BlackRock Enhanced Capital and Income Fund in the 2nd quarter worth approximately $222,000. Calamos Advisors LLC bought a new stake in shares of BlackRock Enhanced Capital and Income Fund in the 2nd quarter valued at $237,000. Finally, Atomi Financial Group Inc. increased its position in shares of BlackRock Enhanced Capital and Income Fund by 5.6% during the third quarter. Atomi Financial Group Inc. now owns 13,523 shares of the real estate investment trust’s stock worth $266,000 after buying an additional 719 shares during the period.

BlackRock Enhanced Capital and Income Fund Stock Performance

NYSE:CII traded up $0.11 during trading hours on Friday, hitting $20.12. The company’s stock had a trading volume of 88,273 shares, compared to its average volume of 93,421. The stock has a fifty day simple moving average of $19.70 and a 200-day simple moving average of $19.53. BlackRock Enhanced Capital and Income Fund has a twelve month low of $17.57 and a twelve month high of $20.40.

BlackRock Enhanced Capital and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 16th will be issued a dividend of $0.141 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.69 annualized dividend and a dividend yield of 8.41%.

BlackRock Enhanced Capital and Income Fund Company Profile

BlackRock Enhanced Capital and Income Fund, Inc is a closed ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in public equity markets across the globe. The fund seeks to invest in securities of companies operating across diversified sectors.