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

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the target of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 90,400 shares, an increase of 179.9% from the January 31st total of 32,300 shares. Based on an average daily volume of 292,600 shares, the short-interest ratio is currently 0.3 days.

BlackRock ESG Capital Allocation Term Trust Stock Performance

NYSE:ECAT traded up $0.19 during trading hours on Friday, reaching $16.61. The stock had a trading volume of 497,501 shares, compared to its average volume of 320,523. The stock has a 50 day simple moving average of $16.69 and a 200 day simple moving average of $17.16. BlackRock ESG Capital Allocation Term Trust has a 12-month low of $15.95 and a 12-month high of $18.14.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.307 dividend. This represents a $3.68 annualized dividend and a dividend yield of 22.18%. The ex-dividend date was Friday, February 14th.

Institutional Trading of BlackRock ESG Capital Allocation Term Trust

A number of institutional investors have recently modified their holdings of the business. Fifth Third Bancorp bought a new position in BlackRock ESG Capital Allocation Term Trust in the 4th quarter worth about $74,000. US Bancorp DE bought a new position in shares of BlackRock ESG Capital Allocation Term Trust in the third quarter valued at approximately $426,000. Wolverine Asset Management LLC purchased a new position in BlackRock ESG Capital Allocation Term Trust during the fourth quarter valued at approximately $213,000. Kovack Advisors Inc. bought a new stake in BlackRock ESG Capital Allocation Term Trust during the 3rd quarter worth approximately $444,000. Finally, Americana Partners LLC lifted its stake in BlackRock ESG Capital Allocation Term Trust by 2.3% in the 4th quarter. Americana Partners LLC now owns 140,287 shares of the company’s stock worth $2,301,000 after purchasing an additional 3,210 shares in the last quarter.

BlackRock ESG Capital Allocation Term Trust Company Profile

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.