BlackRock Capital Allocation Term Trust (NYSE:BCAT) Short Interest Up 62.5% in February

BlackRock Capital Allocation Term Trust (NYSE:BCAT) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 135,400 shares, an increase of 62.5% from the January 31st total of 83,300 shares. Based on an average daily volume of 461,000 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On BlackRock Capital Allocation Term Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Mathes Company Inc. raised its position in BlackRock Capital Allocation Term Trust by 6.0% during the 3rd quarter. Mathes Company Inc. now owns 96,500 shares of the company’s stock valued at $1,587,000 after purchasing an additional 5,500 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the third quarter valued at $156,000. Fountainhead AM LLC raised its stake in shares of BlackRock Capital Allocation Term Trust by 2.1% in the third quarter. Fountainhead AM LLC now owns 53,570 shares of the company’s stock worth $881,000 after purchasing an additional 1,095 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in BlackRock Capital Allocation Term Trust by 10.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 57,248 shares of the company’s stock worth $942,000 after buying an additional 5,618 shares during the last quarter. Finally, Kovack Advisors Inc. acquired a new stake in BlackRock Capital Allocation Term Trust during the 3rd quarter worth about $421,000. 36.12% of the stock is owned by institutional investors.

BlackRock Capital Allocation Term Trust Stock Performance

Shares of BlackRock Capital Allocation Term Trust stock traded up $0.15 during trading hours on Friday, reaching $15.33. The company’s stock had a trading volume of 655,836 shares, compared to its average volume of 446,283. The firm has a 50 day moving average price of $15.49 and a 200-day moving average price of $15.97. BlackRock Capital Allocation Term Trust has a one year low of $15.00 and a one year high of $17.18.

BlackRock Capital Allocation Term Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.2882 per share. This represents a $3.46 annualized dividend and a yield of 22.56%. This is an increase from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. The ex-dividend date was Friday, February 14th.

About BlackRock Capital Allocation Term Trust

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