BlackRock Capital Allocation Term Trust (NYSE:BCAT - Get Free Report) was the target of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 240,100 shares, a decline of 43.0% from the May 15th total of 421,400 shares. Approximately 0.2% of the company's shares are short sold. Based on an average daily trading volume, of 541,100 shares, the short-interest ratio is presently 0.4 days.
Institutional Trading of BlackRock Capital Allocation Term Trust
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC grew its holdings in shares of BlackRock Capital Allocation Term Trust by 35.7% in the first quarter. Integrated Wealth Concepts LLC now owns 34,000 shares of the company's stock worth $490,000 after purchasing an additional 8,950 shares during the last quarter. Advisors Asset Management Inc. boosted its position in BlackRock Capital Allocation Term Trust by 23.9% in the 1st quarter. Advisors Asset Management Inc. now owns 238,252 shares of the company's stock valued at $3,431,000 after buying an additional 45,925 shares during the period. Royal Bank of Canada boosted its position in BlackRock Capital Allocation Term Trust by 401.7% in the 1st quarter. Royal Bank of Canada now owns 428,585 shares of the company's stock valued at $6,172,000 after buying an additional 343,154 shares during the period. Baird Financial Group Inc. grew its stake in BlackRock Capital Allocation Term Trust by 78.2% in the 1st quarter. Baird Financial Group Inc. now owns 81,079 shares of the company's stock worth $1,168,000 after acquiring an additional 35,582 shares in the last quarter. Finally, Ieq Capital LLC purchased a new position in shares of BlackRock Capital Allocation Term Trust during the first quarter worth approximately $652,000. Hedge funds and other institutional investors own 36.12% of the company's stock.
BlackRock Capital Allocation Term Trust Trading Down 2.7%
Shares of NYSE BCAT traded down $0.41 during midday trading on Friday, hitting $14.74. The company's stock had a trading volume of 671,966 shares, compared to its average volume of 453,514. The business's 50 day moving average is $14.57 and its two-hundred day moving average is $15.07. BlackRock Capital Allocation Term Trust has a 12-month low of $12.91 and a 12-month high of $17.06.
BlackRock Capital Allocation Term Trust Cuts Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.2782 dividend. This represents a $3.34 annualized dividend and a yield of 22.65%. The ex-dividend date is Friday, June 13th.
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