BlackRock Credit Allocation Income Trust (NYSE:BTZ) Sees Significant Increase in Short Interest

BlackRock Credit Allocation Income Trust (NYSE:BTZ) saw a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 106,300 shares, a growth of 76.0% from the January 31st total of 60,400 shares. Based on an average daily volume of 262,600 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of BlackRock Credit Allocation Income Trust

A number of large investors have recently made changes to their positions in BTZ. Valley Brook Capital Group Inc. boosted its stake in shares of BlackRock Credit Allocation Income Trust by 7.7% during the third quarter. Valley Brook Capital Group Inc. now owns 21,946 shares of the investment management company’s stock valued at $248,000 after acquiring an additional 1,570 shares during the last quarter. Fiera Capital Corp boosted its stake in shares of BlackRock Credit Allocation Income Trust by 6.4% during the third quarter. Fiera Capital Corp now owns 174,503 shares of the investment management company’s stock valued at $1,968,000 after acquiring an additional 10,475 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of BlackRock Credit Allocation Income Trust by 1.3% during the third quarter. Thrivent Financial for Lutherans now owns 259,111 shares of the investment management company’s stock valued at $2,922,000 after acquiring an additional 3,353 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of BlackRock Credit Allocation Income Trust by 0.8% during the third quarter. Advisors Asset Management Inc. now owns 382,831 shares of the investment management company’s stock valued at $4,318,000 after acquiring an additional 3,160 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC lifted its position in BlackRock Credit Allocation Income Trust by 25.6% during the third quarter. Horizon Kinetics Asset Management LLC now owns 51,023 shares of the investment management company’s stock worth $576,000 after buying an additional 10,389 shares during the period.

BlackRock Credit Allocation Income Trust Stock Up 0.4 %

BlackRock Credit Allocation Income Trust stock traded up $0.04 during trading hours on Friday, hitting $10.85. The stock had a trading volume of 271,722 shares, compared to its average volume of 241,106. BlackRock Credit Allocation Income Trust has a 1-year low of $9.92 and a 1-year high of $11.30. The stock’s fifty day moving average is $10.67 and its two-hundred day moving average is $10.87.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.0839 per share. The ex-dividend date was Friday, February 14th. This represents a $1.01 dividend on an annualized basis and a dividend yield of 9.28%. This is a positive change from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

BlackRock Credit Allocation Income Trust Company Profile

BlackRock Credit Allocation Income Trust is a closed ended balanced mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. It invests in the fixed income markets across the globe. For the fixed income portion of the portfolio, the fund primarily invests in securities with an average credit quality of BBB by Standard & Poor's Corporation.