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

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 191,100 shares, an increase of 78.3% from the August 31st total of 107,200 shares. Based on an average daily trading volume, of 285,200 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On BlackRock ESG Capital Allocation Term Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Almitas Capital LLC boosted its stake in BlackRock ESG Capital Allocation Term Trust by 84.5% in the second quarter. Almitas Capital LLC now owns 839,103 shares of the company’s stock valued at $14,718,000 after acquiring an additional 384,277 shares during the period. Relative Value Partners Group LLC boosted its stake in BlackRock ESG Capital Allocation Term Trust by 22.0% in the fourth quarter. Relative Value Partners Group LLC now owns 516,142 shares of the company’s stock valued at $8,325,000 after acquiring an additional 93,034 shares during the period. Advisors Asset Management Inc. boosted its position in shares of BlackRock ESG Capital Allocation Term Trust by 0.7% during the first quarter. Advisors Asset Management Inc. now owns 515,785 shares of the company’s stock worth $8,954,000 after buying an additional 3,374 shares during the period. Sanctuary Advisors LLC bought a new position in BlackRock ESG Capital Allocation Term Trust in the 2nd quarter worth approximately $5,867,000. Finally, Oppenheimer & Co. Inc. grew its holdings in BlackRock ESG Capital Allocation Term Trust by 209.4% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 271,720 shares of the company’s stock worth $4,766,000 after buying an additional 183,911 shares in the last quarter.

BlackRock ESG Capital Allocation Term Trust Stock Up 1.1 %

BlackRock ESG Capital Allocation Term Trust stock traded up $0.20 during midday trading on Friday, hitting $17.60. The stock had a trading volume of 167,757 shares, compared to its average volume of 264,259. The business has a fifty day moving average price of $17.27 and a 200 day moving average price of $17.18. BlackRock ESG Capital Allocation Term Trust has a 12 month low of $14.02 and a 12 month high of $18.14.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a $0.3016 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $3.62 dividend on an annualized basis and a yield of 20.56%.

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.