BlackRock Credit Allocation Income Trust (NYSE:BTZ) Short Interest Up 106.0% in August

BlackRock Credit Allocation Income Trust (NYSE:BTZ) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 530,235 shares, an increase of 106.0% from the July 30th total of 257,357 shares. Based on an average trading volume of 329,757 shares, the short-interest ratio is presently 1.6 days.

Institutional Investors Weigh In On BlackRock Credit Allocation Income Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rareview Capital LLC raised its position in shares of BlackRock Credit Allocation Income Trust by 14.2% in the 2nd quarter. Rareview Capital LLC now owns 420,186 shares of the investment management company’s stock valued at $4,588,000 after purchasing an additional 52,274 shares during the last quarter. Susquehanna International Group LLP boosted its stake in BlackRock Credit Allocation Income Trust by 28.1% in the 2nd quarter. Susquehanna International Group LLP now owns 67,473 shares of the investment management company’s stock worth $690,000 after purchasing an additional 14,798 shares in the last quarter. IMC Chicago LLC purchased a new stake in BlackRock Credit Allocation Income Trust during the 2nd quarter worth approximately $425,000. Beacon Pointe Advisors LLC acquired a new position in BlackRock Credit Allocation Income Trust during the 2nd quarter valued at approximately $124,000. Finally, Pin Oak Investment Advisors Inc. purchased a new position in shares of BlackRock Credit Allocation Income Trust in the second quarter worth $508,000.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of BTZ stock traded down $0.02 during trading hours on Friday, reaching $10.14. 184,202 shares of the company’s stock were exchanged, compared to its average volume of 302,064. The stock’s 50 day moving average is $10.16 and its 200-day moving average is $10.23. BlackRock Credit Allocation Income Trust has a fifty-two week low of $9.70 and a fifty-two week high of $11.18.

BlackRock Credit Allocation Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.0839 per share. This represents a c) annualized dividend and a yield of 9.9%. The ex-dividend date is Tuesday, September 15th.

About BlackRock Credit Allocation Income Trust

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company sponsored by BlackRock Fund Advisors. The trust seeks to provide investors with a high level of current income, as well as the potential for capital appreciation, through an actively managed portfolio of credit and income-producing securities. BTZ primarily focuses on instruments that offer attractive yields while aiming to preserve capital over the long term.

The portfolio is diversified across a broad spectrum of credit sectors, including investment-grade corporate debt, high-yield bonds, leveraged bank loans, residential and commercial mortgage-backed securities, and asset-backed securities.