Short Interest in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Expands By 245.9%

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 321,238 shares, a growth of 245.9% from the June 30th total of 92,879 shares. Based on an average trading volume of 473,197 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. purchased a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the 3rd quarter valued at approximately $49,000. Geneos Wealth Management Inc. raised its stake in BlackRock ESG Capital Allocation Term Trust by 630.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,155 shares of the company’s stock valued at $51,000 after purchasing an additional 2,723 shares during the period. Tucker Asset Management LLC acquired a new stake in BlackRock ESG Capital Allocation Term Trust during the 4th quarter valued at $53,000. Triumph Capital Management purchased a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the third quarter valued at $62,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the fourth quarter valued at $65,000.

BlackRock ESG Capital Allocation Term Trust Trading Up 0.2%

Shares of NYSE ECAT traded up $0.03 during mid-day trading on Tuesday, hitting $15.17. 213,189 shares of the company traded hands, compared to its average volume of 522,348. BlackRock ESG Capital Allocation Term Trust has a 1 year low of $13.36 and a 1 year high of $17.14. The business has a 50 day moving average of $15.50 and a two-hundred day moving average of $15.10.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.2688 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 21.3%.

BlackRock ESG Capital Allocation Term Trust Company Profile

BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) is a closed-end management investment company sponsored by BlackRock, Inc The trust seeks to provide investors with a combination of current income and capital appreciation through a diversified portfolio of equity and fixed-income securities. ECAT’s investment strategy integrates environmental, social and governance (ESG) criteria into the selection process, targeting companies whose business practices align with sustainable outcomes while aiming to manage risk and enhance long-term returns.

The fund’s portfolio is constructed and managed by BlackRock Investment Management, LLC, leveraging the firm’s global research capabilities and proprietary ESG analytics.