BlackRock Capital Allocation Term Trust (NYSE:BCAT) Short Interest Up 145.2% in September

Key Points

• The short interest in BlackRock Capital Allocation Term Trust surged by 145.2% in September, increasing to 555,700 shares from 226,600 shares.
• There was a notable increase in institutional ownership, with firms like Assetmark Inc. boosting their holdings significantly by 1,748.3% during the first quarter.
• BlackRock Capital Allocation Term Trust recently declared a dividend of $0.2675 per share, which will be paid on October 31st, representing an annual yield of 22.2%.

BlackRock Capital Allocation Term Trust (NYSE:BCAT - ) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 555,700 shares, a growth of 145.2% from the September 15th total of 226,600 shares. Based on an average trading volume of 580,800 shares, the days-to-cover ratio is presently 1.0 days. Based on an average trading volume of 580,800 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of BlackRock Capital Allocation Term Trust

Hedge funds have recently added to or reduced their stakes in the company. AdvisorNet Financial Inc boosted its holdings in BlackRock Capital Allocation Term Trust by 83.3% during the second quarter. AdvisorNet Financial Inc now owns 1,947 shares of the company's stock worth $29,000 after buying an additional 885 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in BlackRock Capital Allocation Term Trust by 341.7% during the second quarter. Geneos Wealth Management Inc. now owns 2,045 shares of the company's stock worth $31,000 after buying an additional 1,582 shares in the last quarter. Red Tortoise LLC purchased a new stake in BlackRock Capital Allocation Term Trust during the second quarter worth $33,000. Private Trust Co. NA purchased a new stake in BlackRock Capital Allocation Term Trust during the first quarter worth $50,000. Finally, Assetmark Inc. boosted its holdings in BlackRock Capital Allocation Term Trust by 1,748.3% during the first quarter. Assetmark Inc. now owns 5,286 shares of the company's stock worth $76,000 after buying an additional 5,000 shares in the last quarter. 36.12% of the stock is owned by hedge funds and other institutional investors.

BlackRock Capital Allocation Term Trust Stock Down 0.1%

Shares of NYSE:BCAT traded down $0.02 during midday trading on Friday, reaching $14.44. The company's stock had a trading volume of 1,050,742 shares, compared to its average volume of 538,960. BlackRock Capital Allocation Term Trust has a twelve month low of $12.91 and a twelve month high of $16.54. The stock has a fifty day moving average of $14.88 and a 200 day moving average of $14.77.

BlackRock Capital Allocation Term Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be issued a dividend of $0.2675 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 22.2%.

BlackRock Capital Allocation Term Trust Company Profile

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