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

BlackRock Capital Allocation Term Trust (NYSE:BCAT - Get Free Report) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 48,100 shares, a drop of 62.6% from the December 15th total of 128,600 shares. Based on an average daily trading volume, of 425,600 shares, the short-interest ratio is currently 0.1 days.

Insiders Place Their Bets

In other BlackRock Capital Allocation Term Trust news, major shareholder Saba Capital Management, L.P. sold 40,158 shares of the business's stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $16.27, for a total transaction of $653,370.66. Following the sale, the insider now directly owns 14,969,295 shares in the company, valued at approximately $243,550,429.65. The trade was a 0.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 107,613 shares of company stock valued at $1,752,803 over the last three months.

Institutional Investors Weigh In On BlackRock Capital Allocation Term Trust

Hedge funds have recently modified their holdings of the stock. Penserra Capital Management LLC purchased a new position in shares of BlackRock Capital Allocation Term Trust during the third quarter valued at $15,901,000. Walleye Capital LLC acquired a new stake in BlackRock Capital Allocation Term Trust during the third quarter valued at $234,000. Almitas Capital LLC purchased a new position in BlackRock Capital Allocation Term Trust in the second quarter valued at about $728,000. Prospera Financial Services Inc increased its holdings in BlackRock Capital Allocation Term Trust by 5.0% in the third quarter. Prospera Financial Services Inc now owns 23,693 shares of the company's stock worth $390,000 after buying an additional 1,137 shares during the last quarter. Finally, Quarry LP lifted its stake in BlackRock Capital Allocation Term Trust by 68.4% in the second quarter. Quarry LP now owns 69,034 shares of the company's stock valued at $1,133,000 after acquiring an additional 28,045 shares during the last quarter. 36.12% of the stock is owned by hedge funds and other institutional investors.

BlackRock Capital Allocation Term Trust Stock Up 0.7 %

Shares of NYSE BCAT traded up $0.11 during midday trading on Monday, reaching $15.55. The company's stock had a trading volume of 645,603 shares, compared to its average volume of 434,026. BlackRock Capital Allocation Term Trust has a one year low of $14.88 and a one year high of $17.18. The company has a 50 day moving average price of $15.87 and a 200 day moving average price of $16.18.

BlackRock Capital Allocation Term Trust Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.2891 dividend. This represents a $3.47 dividend on an annualized basis and a dividend yield of 22.31%. This is a boost from BlackRock Capital Allocation Term Trust's previous monthly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, January 15th.

BlackRock Capital Allocation Term Trust Company Profile

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