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 - ) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 145,200 shares, adecreaseof46.1% from the July 15th total of 269,500 shares. Based on an average daily volume of 567,300 shares, the days-to-cover ratio is currently 0.3 days. Approximately0.1% of the company's stock are short sold. Approximately0.1% of the company's stock are short sold. Based on an average daily volume of 567,300 shares, the days-to-cover ratio is currently 0.3 days.

BlackRock Capital Allocation Term Trust Price Performance

Shares of NYSE:BCAT traded down $0.09 during midday trading on Monday, reaching $14.79. The company had a trading volume of 636,385 shares, compared to its average volume of 533,133. BlackRock Capital Allocation Term Trust has a 1-year low of $12.91 and a 1-year high of $16.80. The business's 50 day moving average price is $15.00 and its 200 day moving average price is $14.85.

BlackRock Capital Allocation Term Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be given a dividend of $0.2724 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a c) annualized dividend and a dividend yield of 22.1%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BCAT. Invesco Ltd. raised its holdings in shares of BlackRock Capital Allocation Term Trust by 3.5% in the 4th quarter. Invesco Ltd. now owns 1,311,945 shares of the company's stock valued at $19,876,000 after purchasing an additional 44,088 shares during the period. Raymond James Financial Inc. bought a new stake in BlackRock Capital Allocation Term Trust in the fourth quarter valued at approximately $3,161,000. CreativeOne Wealth LLC bought a new stake in BlackRock Capital Allocation Term Trust in the fourth quarter valued at approximately $343,000. First Trust Advisors LP lifted its position in shares of BlackRock Capital Allocation Term Trust by 4.9% in the fourth quarter. First Trust Advisors LP now owns 113,619 shares of the company's stock valued at $1,721,000 after buying an additional 5,300 shares during the last quarter. Finally, Shaker Financial Services LLC bought a new position in shares of BlackRock Capital Allocation Term Trust during the 4th quarter worth approximately $387,000. Institutional investors and hedge funds own 36.12% of the company's stock.

BlackRock Capital Allocation Term Trust Company Profile

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