BlackRock Capital Allocation Term Trust (NYSE:BCAT) Shares Shorted: Short Interest Up 84.2% in September

BlackRock Capital Allocation Term Trust (NYSE:BCAT) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 2,523,119 shares, an increase of 84.2% from the August 31st total of 1,369,920 shares. Based on an average daily trading volume, of 1,213,487 shares, the short-interest ratio is currently 2.1 days. Approximately 2.4% of the company’s shares are short sold.

Institutional Investors Weigh In On BlackRock Capital Allocation Term Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its stake in shares of BlackRock Capital Allocation Term Trust by 4.6% in the 1st quarter. NewEdge Advisors LLC now owns 17,638 shares of the company’s stock valued at $249,000 after purchasing an additional 779 shares during the last quarter. Quantinno Capital Management LP grew its holdings in shares of BlackRock Capital Allocation Term Trust by 3.3% during the 1st quarter. Quantinno Capital Management LP now owns 41,232 shares of the company’s stock worth $583,000 after purchasing an additional 1,324 shares during the period. Walkner Condon Financial Advisors LLC increased its position in shares of BlackRock Capital Allocation Term Trust by 8.6% during the 1st quarter. Walkner Condon Financial Advisors LLC now owns 17,613 shares of the company’s stock worth $249,000 after purchasing an additional 1,400 shares during the last quarter. TD Capital Management LLC increased its position in shares of BlackRock Capital Allocation Term Trust by 5.6% during the 4th quarter. TD Capital Management LLC now owns 33,812 shares of the company’s stock worth $479,000 after purchasing an additional 1,805 shares during the last quarter. Finally, Baird Financial Group Inc. increased its position in shares of BlackRock Capital Allocation Term Trust by 2.0% during the 2nd quarter. Baird Financial Group Inc. now owns 90,490 shares of the company’s stock worth $1,442,000 after purchasing an additional 1,815 shares during the last quarter. Institutional investors and hedge funds own 36.12% of the company’s stock.

BlackRock Capital Allocation Term Trust Stock Up 0.7%

Shares of NYSE BCAT traded up $0.09 during midday trading on Tuesday, reaching $13.65. 1,068,459 shares of the stock were exchanged, compared to its average volume of 770,511. The company has a 50 day simple moving average of $15.43 and a 200 day simple moving average of $15.33. BlackRock Capital Allocation Term Trust has a twelve month low of $13.43 and a twelve month high of $16.20.

BlackRock Capital Allocation Term Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be given a $0.2501 dividend. This represents a $3.00 annualized dividend and a yield of 22.0%. The ex-dividend date is Friday, December 11th.

BlackRock Capital Allocation Term Trust Company Profile

BlackRock Capital Allocation Term Trust (NYSE: BCAT) is a diversified, closed-end management investment company advised by BlackRock Advisors, LLC. The fund seeks to provide total return through a combination of current income and capital appreciation.

BCAT invests across both equity and debt markets. Its portfolio may include common stocks, preferred securities, convertible securities, investment-grade and below-investment-grade corporate bonds, loans, and other fixed-income instruments.