BlackRock Credit Allocation Income Trust (NYSE:BTZ) Short Interest Down 31.0% in February

BlackRock Credit Allocation Income Trust (NYSE:BTZ) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 73,400 shares, a decline of 31.0% from the February 13th total of 106,300 shares. Based on an average daily trading volume, of 273,900 shares, the short-interest ratio is currently 0.3 days.

BlackRock Credit Allocation Income Trust Trading Down 0.0 %

BTZ opened at $10.56 on Tuesday. The business’s 50-day moving average price is $10.71 and its 200-day moving average price is $10.84. 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 disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.0839 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.01 annualized dividend and a dividend yield of 9.54%. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

Institutional Trading of BlackRock Credit Allocation Income Trust

Large investors have recently modified their holdings of the business. Janney Montgomery Scott LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust in the fourth quarter worth about $162,000. Wolverine Asset Management LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust in the fourth quarter worth about $279,000. Horizon Kinetics Asset Management LLC grew its stake in shares of BlackRock Credit Allocation Income Trust by 25.6% in the third quarter. Horizon Kinetics Asset Management LLC now owns 51,023 shares of the investment management company’s stock worth $576,000 after purchasing an additional 10,389 shares during the last quarter. Advisors Asset Management Inc. grew its stake 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 worth $4,318,000 after purchasing an additional 3,160 shares during the last quarter. Finally, Miller Financial Services LLC bought a new stake in shares of BlackRock Credit Allocation Income Trust in the fourth quarter worth about $136,000.

About BlackRock Credit Allocation Income Trust

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.