BlackRock Capital Allocation Term Trust (NYSE:BCAT) Short Interest Down 46.1% in July

Key Points

• Short interest in BlackRock Capital Allocation Term Trust (NYSE:BCAT) decreased by 46.1% in July, dropping from 269,500 shares to 145,200 shares.
• The company announced a monthly dividend of $0.2724 per share, resulting in a notable annualized dividend yield of 22.1%.
• Institutional investors hold 36.12% of BlackRock Capital Allocation Term Trust's stock, with significant recent purchases by firms like Invesco Ltd. and Raymond James Financial Inc.

BlackRock Capital Allocation Term Trust (NYSE:BCAT - Get Free Report) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 145,200 shares, adeclineof46.1% from the July 15th total of 269,500 shares. Currently,0.1% of the company's shares are sold short. Based on an average trading volume of 567,300 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 567,300 shares, the days-to-cover ratio is currently 0.3 days. Currently,0.1% of the company's shares are sold short.

BlackRock Capital Allocation Term Trust Trading Up 1.7%

Shares of BCAT traded up $0.2450 during mid-day trading on Friday, reaching $14.8050. The company's stock had a trading volume of 684,091 shares, compared to its average volume of 533,466. BlackRock Capital Allocation Term Trust has a 52 week low of $12.91 and a 52 week high of $16.80. The company's fifty day moving average price is $14.97 and its two-hundred day moving average price is $14.83.

BlackRock Capital Allocation Term Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a $0.2724 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 22.1%. The ex-dividend date is Friday, August 15th.

Institutional Investors Weigh In On BlackRock Capital Allocation Term Trust

A number of hedge funds have recently made changes to their positions in the business. Comerica Bank lifted its holdings in shares of BlackRock Capital Allocation Term Trust by 6.7% in the 1st quarter. Comerica Bank now owns 10,805 shares of the company's stock worth $156,000 after acquiring an additional 679 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in BlackRock Capital Allocation Term Trust by 1.9% during the 4th quarter. Ameriprise Financial Inc. now owns 44,528 shares of the company's stock valued at $675,000 after buying an additional 844 shares during the last quarter. AdvisorNet Financial Inc raised its holdings in BlackRock Capital Allocation Term Trust by 83.3% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,947 shares of the company's stock valued at $29,000 after buying an additional 885 shares during the last quarter. Amplius Wealth Advisors LLC raised its holdings in BlackRock Capital Allocation Term Trust by 5.4% during the 1st quarter. Amplius Wealth Advisors LLC now owns 29,005 shares of the company's stock valued at $418,000 after buying an additional 1,492 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in BlackRock Capital Allocation Term Trust by 341.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,045 shares of the company's stock valued at $31,000 after buying an additional 1,582 shares during the last quarter. 36.12% of the stock is currently owned by institutional investors.

BlackRock Capital Allocation Term Trust Company Profile

-