BlackRock Capital Allocation Term Trust (NYSE:BCAT) Short Interest Up 32.4% in August

Key Points

• In August, short interest for BlackRock Capital Allocation Term Trust (BCAT) rose by 32.4%, reaching a total of 192,300 shares compared to 145,200 shares in July.
• The trust announced a monthly dividend of $0.2699 per share, with an ex-dividend date of September 15th, reflecting a significant 21.3% yield.
• Institutional investors have increased their holdings in BCAT, with firms like AdvisorNet Financial and Geneos Wealth Management substantially bolstering their stakes, contributing to 36.12% of the stock being held by such investors.

BlackRock Capital Allocation Term Trust (NYSE:BCAT - Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 15th, there was short interest totaling 192,300 shares, a growth of 32.4% from the July 31st total of 145,200 shares. Based on an average trading volume of 576,300 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 576,300 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On BlackRock Capital Allocation Term Trust

A number of large investors have recently modified their holdings of the stock. AdvisorNet Financial Inc boosted its stake 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 acquiring an additional 885 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of 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 valued at $31,000 after purchasing an additional 1,582 shares during the last quarter. Noble Wealth Management PBC purchased a new position in shares of BlackRock Capital Allocation Term Trust during the first quarter valued at approximately $32,000. Red Tortoise LLC purchased a new position in shares of BlackRock Capital Allocation Term Trust during the second quarter valued at approximately $33,000. Finally, NBC Securities Inc. increased its holdings in BlackRock Capital Allocation Term Trust by 151,600.0% during the first quarter. NBC Securities Inc. now owns 3,034 shares of the company's stock valued at $43,000 after buying an additional 3,032 shares during the last quarter. Institutional investors own 36.12% of the company's stock.

BlackRock Capital Allocation Term Trust Price Performance

Shares of BCAT stock traded up $0.09 during mid-day trading on Friday, reaching $15.28. The stock had a trading volume of 588,032 shares, compared to its average volume of 531,963. The stock's 50-day moving average price is $14.99 and its two-hundred day moving average price is $14.78. BlackRock Capital Allocation Term Trust has a 52-week low of $12.91 and a 52-week high of $16.80.

BlackRock Capital Allocation Term Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.2699 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 21.2%.

About BlackRock Capital Allocation Term Trust

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