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

by · The Cerbat Gem

BlackRock Capital Allocation Term Trust (NYSE:BCAT – Get Free Report) was the target of a large decline in short interest in September. As of September 30th, there was short interest totalling 62,900 shares, a decline of 70.6% from the September 15th total of 213,800 shares. Based on an average trading volume of 383,000 shares, the days-to-cover ratio is presently 0.2 days.

BlackRock Capital Allocation Term Trust Stock Performance

Shares of BCAT stock traded down $0.03 during trading hours on Thursday, reaching $16.45. The company had a trading volume of 396,320 shares, compared to its average volume of 352,691. The company has a 50 day moving average of $16.32 and a 200 day moving average of $16.26. BlackRock Capital Allocation Term Trust has a 1-year low of $13.67 and a 1-year high of $17.18.

BlackRock Capital Allocation Term Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a $0.2871 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $3.45 dividend on an annualized basis and a dividend yield of 20.95%. This is an increase from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10.

Insider Transactions at BlackRock Capital Allocation Term Trust

In other BlackRock Capital Allocation Term Trust news, major shareholder Saba Capital Management, L.P. sold 14,973 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $16.41, for a total transaction of $245,706.93. Following the transaction, the insider now owns 16,302,733 shares of the company’s stock, valued at approximately $267,527,848.53. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 384,233 shares of company stock valued at $6,325,635 in the last three months.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC acquired a new position in shares of BlackRock Capital Allocation Term Trust in the 2nd quarter valued at $2,967,000. Truist Financial Corp acquired a new position in shares of BlackRock Capital Allocation Term Trust in the 2nd quarter valued at $319,000. Quarry LP lifted its stake in shares of BlackRock Capital Allocation Term Trust by 68.4% in the 2nd quarter. Quarry LP now owns 69,034 shares of the company’s stock valued at $1,133,000 after purchasing an additional 28,045 shares during the period. Almitas Capital LLC acquired a new position in shares of BlackRock Capital Allocation Term Trust in the 2nd quarter valued at $728,000. Finally, Prevail Innovative Wealth Advisors LLC bought a new stake in shares of BlackRock Capital Allocation Term Trust in the 2nd quarter valued at $1,452,000. Institutional investors and hedge funds own 36.12% of the company’s stock.

About BlackRock Capital Allocation Term Trust

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