BlackRock Capital Allocation Term Trust (NYSE:BCAT - Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 421,400 shares, an increase of 154.0% from the April 30th total of 165,900 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 530,700 shares, the days-to-cover ratio is currently 0.8 days.
Institutional Investors Weigh In On BlackRock Capital Allocation Term Trust
A number of institutional investors have recently added to or reduced their stakes in BCAT. Jane Street Group LLC boosted its holdings in BlackRock Capital Allocation Term Trust by 176.2% in the 4th quarter. Jane Street Group LLC now owns 50,496 shares of the company's stock valued at $765,000 after purchasing an additional 32,216 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in BlackRock Capital Allocation Term Trust in the 4th quarter valued at approximately $3,161,000. Wolverine Asset Management LLC purchased a new stake in BlackRock Capital Allocation Term Trust in the 4th quarter valued at approximately $1,249,000. LPL Financial LLC boosted its holdings in BlackRock Capital Allocation Term Trust by 30.0% in the 4th quarter. LPL Financial LLC now owns 119,635 shares of the company's stock valued at $1,812,000 after purchasing an additional 27,602 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in BlackRock Capital Allocation Term Trust in the 4th quarter valued at approximately $380,000. Hedge funds and other institutional investors own 36.12% of the company's stock.
BlackRock Capital Allocation Term Trust Stock Performance
Shares of NYSE BCAT traded up $0.09 during midday trading on Friday, reaching $14.88. 745,486 shares of the company were exchanged, compared to its average volume of 443,325. BlackRock Capital Allocation Term Trust has a 1 year low of $12.91 and a 1 year high of $17.06. The stock has a fifty day simple moving average of $14.37 and a 200 day simple moving average of $15.15.
BlackRock Capital Allocation Term Trust Cuts Dividend
The business also recently declared a monthly dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 15th were issued a dividend of $0.2813 per share. This represents a $3.38 dividend on an annualized basis and a dividend yield of 22.69%. The ex-dividend date was Thursday, May 15th.
BlackRock Capital Allocation Term Trust Company Profile
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