BlackRock Capital Allocation Term Trust (NYSE:BCAT - Get Free Report) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 81,000 shares, a decrease of 71.1% from the March 15th total of 280,600 shares. Based on an average daily volume of 517,400 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company's shares are short sold.
BlackRock Capital Allocation Term Trust Stock Up 0.5 %
Shares of NYSE BCAT traded up $0.07 during mid-day trading on Friday, hitting $13.78. The company had a trading volume of 208,751 shares, compared to its average volume of 428,032. The business's 50-day simple moving average is $14.69 and its 200 day simple moving average is $15.47. BlackRock Capital Allocation Term Trust has a 1-year low of $12.91 and a 1-year high of $17.18.
BlackRock Capital Allocation Term Trust Cuts Dividend
The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be paid a $0.2848 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $3.42 dividend on an annualized basis and a yield of 24.81%.
Institutional Investors Weigh In On BlackRock Capital Allocation Term Trust
Hedge funds and other institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. increased its holdings in BlackRock Capital Allocation Term Trust by 1.9% in the fourth 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. Amplius Wealth Advisors LLC lifted its stake in BlackRock Capital Allocation Term Trust by 5.4% during the first quarter. Amplius Wealth Advisors LLC now owns 29,005 shares of the company's stock worth $418,000 after purchasing an additional 1,492 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in BlackRock Capital Allocation Term Trust by 13.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 17,150 shares of the company's stock worth $260,000 after purchasing an additional 2,000 shares during the last quarter. Comerica Bank boosted its holdings in BlackRock Capital Allocation Term Trust by 27.1% in the fourth quarter. Comerica Bank now owns 10,126 shares of the company's stock valued at $153,000 after purchasing an additional 2,157 shares in the last quarter. Finally, Noble Wealth Management PBC purchased a new position in BlackRock Capital Allocation Term Trust in the first quarter valued at approximately $32,000. 36.12% of the stock is currently owned by institutional investors and hedge funds.
BlackRock Capital Allocation Term Trust Company Profile
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