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

BlackRock Capital Allocation Term Trust (NYSE:BCAT) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 128,600 shares, an increase of 13.4% from the November 30th total of 113,400 shares. Based on an average daily trading volume, of 402,500 shares, the short-interest ratio is currently 0.3 days.

Insider Activity

In other BlackRock Capital Allocation Term Trust news, major shareholder Saba Capital Management, L.P. sold 52,067 shares of BlackRock Capital Allocation Term Trust stock in a transaction on Friday, October 4th. The stock was sold at an average price of $16.47, for a total transaction of $857,543.49. Following the completion of the transaction, the insider now owns 15,669,481 shares in the company, valued at approximately $258,076,352.07. The trade was a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 530,336 shares of company stock worth $8,738,508.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BCAT. Penserra Capital Management LLC purchased a new position in shares of BlackRock Capital Allocation Term Trust in the third quarter worth $15,901,000. Sanctuary Advisors LLC purchased a new position in shares of BlackRock Capital Allocation Term Trust during the second quarter valued at approximately $2,967,000. Cambridge Investment Research Advisors Inc. lifted its position in BlackRock Capital Allocation Term Trust by 4.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 133,238 shares of the company’s stock valued at $2,186,000 after purchasing an additional 5,438 shares during the period. Blue Bell Private Wealth Management LLC boosted its holdings in BlackRock Capital Allocation Term Trust by 4.0% in the second quarter. Blue Bell Private Wealth Management LLC now owns 104,722 shares of the company’s stock worth $1,718,000 after purchasing an additional 4,059 shares during the last quarter. Finally, Mathes Company Inc. grew its position in BlackRock Capital Allocation Term Trust by 6.0% in the 3rd quarter. Mathes Company Inc. now owns 96,500 shares of the company’s stock worth $1,587,000 after purchasing an additional 5,500 shares during the period. 36.12% of the stock is owned by hedge funds and other institutional investors.

BlackRock Capital Allocation Term Trust Trading Up 0.3 %

Shares of NYSE BCAT traded up $0.05 during trading on Wednesday, reaching $15.15. The company had a trading volume of 676,663 shares, compared to its average volume of 370,566. BlackRock Capital Allocation Term Trust has a 12-month low of $14.76 and a 12-month high of $17.18. The business’s 50-day moving average is $15.98 and its 200 day moving average is $16.22.

BlackRock Capital Allocation Term Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 16th were given a dividend of $0.2892 per share. This represents a $3.47 annualized dividend and a yield of 22.91%. This is an increase from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. The ex-dividend date was Monday, December 16th.

About BlackRock Capital Allocation Term Trust

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