BlackRock Capital Allocation Term Trust (NYSE:BCAT - Get Free Report) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 253,700 shares, a growth of 87.4% from the February 13th total of 135,400 shares. Approximately 0.2% of the company's stock are sold short. Based on an average trading volume of 492,900 shares, the days-to-cover ratio is currently 0.5 days.
Institutional Trading of BlackRock Capital Allocation Term Trust
Several institutional investors have recently modified their holdings of the stock. Invesco Ltd. lifted its position in shares of BlackRock Capital Allocation Term Trust by 3.5% during the 4th quarter. Invesco Ltd. now owns 1,311,945 shares of the company's stock worth $19,876,000 after buying an additional 44,088 shares during the last quarter. Bank of America Corp DE lifted its position in shares of BlackRock Capital Allocation Term Trust by 9.0% during the 4th quarter. Bank of America Corp DE now owns 1,183,518 shares of the company's stock worth $17,930,000 after buying an additional 98,210 shares during the last quarter. Penserra Capital Management LLC purchased a new stake in shares of BlackRock Capital Allocation Term Trust during the 3rd quarter worth approximately $15,901,000. Cohen & Steers Inc. increased its holdings in shares of BlackRock Capital Allocation Term Trust by 30.0% in the 4th quarter. Cohen & Steers Inc. now owns 943,751 shares of the company's stock valued at $14,298,000 after acquiring an additional 218,000 shares during the period. Finally, Stifel Financial Corp increased its holdings in shares of BlackRock Capital Allocation Term Trust by 6.0% in the 4th quarter. Stifel Financial Corp now owns 534,778 shares of the company's stock valued at $8,102,000 after acquiring an additional 30,364 shares during the period. Hedge funds and other institutional investors own 36.12% of the company's stock.
BlackRock Capital Allocation Term Trust Stock Down 1.2 %
BlackRock Capital Allocation Term Trust stock traded down $0.18 during trading on Tuesday, reaching $14.64. The stock had a trading volume of 569,040 shares, compared to its average volume of 407,639. BlackRock Capital Allocation Term Trust has a 52-week low of $14.60 and a 52-week high of $17.18. The business has a 50 day moving average price of $15.42 and a 200 day moving average price of $15.87.
BlackRock Capital Allocation Term Trust Increases Dividend
The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 23.54%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from BlackRock Capital Allocation Term Trust's previous monthly dividend of $0.10.
BlackRock Capital Allocation Term Trust Company Profile
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