BlackRock Credit Allocation Income Trust (NYSE:BTZ) Short Interest Down 72.7% in December

BlackRock Credit Allocation Income Trust (NYSE:BTZ) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 25,500 shares, a decline of 72.7% from the December 15th total of 93,400 shares. Based on an average daily volume of 267,500 shares, the short-interest ratio is currently 0.1 days.

BlackRock Credit Allocation Income Trust Price Performance

Shares of NYSE BTZ traded up $0.04 during midday trading on Monday, reaching $10.51. The company’s stock had a trading volume of 277,040 shares, compared to its average volume of 251,963. The firm has a 50 day moving average price of $10.76 and a 200-day moving average price of $10.87. BlackRock Credit Allocation Income Trust has a 12-month low of $9.92 and a 12-month high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.0839 per share. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. This represents a $1.01 dividend on an annualized basis and a dividend yield of 9.58%. The ex-dividend date of this dividend is Wednesday, January 15th.

Hedge Funds Weigh In On BlackRock Credit Allocation Income Trust

Several institutional investors have recently bought and sold shares of BTZ. Valley Brook Capital Group Inc. lifted its stake in shares of BlackRock Credit Allocation Income Trust by 7.7% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 21,946 shares of the investment management company’s stock valued at $248,000 after buying an additional 1,570 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of BlackRock Credit Allocation Income Trust by 7.1% in the second quarter. Commonwealth Equity Services LLC now owns 32,989 shares of the investment management company’s stock worth $353,000 after acquiring an additional 2,200 shares during the period. Advisors Asset Management Inc. grew its position in shares of BlackRock Credit Allocation Income Trust by 0.8% in 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 purchasing an additional 3,160 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of BlackRock Credit Allocation Income Trust by 1.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 259,111 shares of the investment management company’s stock valued at $2,922,000 after purchasing an additional 3,353 shares during the period. Finally, Eastern Bank purchased a new stake in BlackRock Credit Allocation Income Trust during the 3rd quarter worth about $64,000.

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.