BlackRock Capital Allocation Term Trust (NYSE:BCAT - Get Free Report) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 135,400 shares, a growth of 62.5% from the January 31st total of 83,300 shares. Based on an average daily trading volume, of 461,000 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Trading of BlackRock Capital Allocation Term Trust
Several large investors have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC acquired a new position in BlackRock Capital Allocation Term Trust during the fourth quarter valued at $36,000. Anfield Capital Management LLC acquired a new position in shares of BlackRock Capital Allocation Term Trust in the 4th quarter valued at about $56,000. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of BlackRock Capital Allocation Term Trust in the fourth quarter worth approximately $112,000. Comerica Bank boosted its holdings in shares of BlackRock Capital Allocation Term Trust by 27.1% during the fourth quarter. Comerica Bank now owns 10,126 shares of the company's stock worth $153,000 after purchasing an additional 2,157 shares during the period. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of BlackRock Capital Allocation Term Trust during the third quarter worth approximately $156,000. 36.12% of the stock is owned by institutional investors and hedge funds.
BlackRock Capital Allocation Term Trust Stock Performance
Shares of BlackRock Capital Allocation Term Trust stock traded up $0.09 during trading on Wednesday, hitting $15.39. The stock had a trading volume of 499,123 shares, compared to its average volume of 399,461. BlackRock Capital Allocation Term Trust has a 1 year low of $15.00 and a 1 year high of $17.18. The stock has a 50 day simple moving average of $15.49 and a 200 day simple moving average of $15.96.
BlackRock Capital Allocation Term Trust Increases Dividend
The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.2872 per share. This represents a $3.45 annualized dividend and a yield of 22.40%. This is a boost from BlackRock Capital Allocation Term Trust's previous monthly dividend of $0.10. The ex-dividend date is Friday, March 14th.
BlackRock Capital Allocation Term Trust Company Profile
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