BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Short Interest Update

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 110,341 shares, a drop of 49.3% from the April 15th total of 217,447 shares. Based on an average daily trading volume, of 433,594 shares, the days-to-cover ratio is currently 0.3 days.

BlackRock ESG Capital Allocation Term Trust Stock Performance

Shares of NYSE ECAT traded down $0.53 during trading hours on Friday, reaching $15.08. 485,055 shares of the stock traded hands, compared to its average volume of 546,276. BlackRock ESG Capital Allocation Term Trust has a 52-week low of $13.36 and a 52-week high of $17.14. The company’s 50-day simple moving average is $14.45 and its two-hundred day simple moving average is $15.24.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.2733 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a yield of 21.7%.

Hedge Funds Weigh In On BlackRock ESG Capital Allocation Term Trust

Several hedge funds have recently made changes to their positions in ECAT. Jane Street Group LLC purchased a new stake in BlackRock ESG Capital Allocation Term Trust in the first quarter worth about $340,000. Cetera Investment Advisers bought a new position in shares of BlackRock ESG Capital Allocation Term Trust in the 2nd quarter worth approximately $340,000. Ameriprise Financial Inc. raised its position in shares of BlackRock ESG Capital Allocation Term Trust by 72.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 452,028 shares of the company’s stock worth $7,260,000 after acquiring an additional 190,270 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of BlackRock ESG Capital Allocation Term Trust by 23.7% in the 2nd quarter. Bank of America Corp DE now owns 739,424 shares of the company’s stock valued at $11,875,000 after purchasing an additional 141,566 shares during the period. Finally, Geneos Wealth Management Inc. lifted its stake in shares of BlackRock ESG Capital Allocation Term Trust by 630.3% in 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.

About BlackRock ESG Capital Allocation Term Trust

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.