BlackRock Credit Allocation Income Trust (NYSE:BTZ) Short Interest Up 38.4% in March

BlackRock Credit Allocation Income Trust (NYSE:BTZ) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 101,600 shares, a growth of 38.4% from the February 28th total of 73,400 shares. Based on an average trading volume of 265,600 shares, the short-interest ratio is currently 0.4 days.

BlackRock Credit Allocation Income Trust Trading Up 0.6 %

BTZ stock traded up $0.07 during trading on Tuesday, reaching $10.79. The company’s stock had a trading volume of 265,813 shares, compared to its average volume of 252,737. The company’s fifty day moving average is $10.74 and its 200-day moving average is $10.81. BlackRock Credit Allocation Income Trust has a 1 year low of $9.92 and a 1 year high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.0839 dividend. This represents a $1.01 annualized dividend and a dividend yield of 9.34%. This is a boost from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. The ex-dividend date was Friday, March 14th.

Institutional Investors Weigh In On BlackRock Credit Allocation Income Trust

A number of hedge funds have recently bought and sold shares of the business. Sit Investment Associates Inc. increased its holdings in BlackRock Credit Allocation Income Trust by 4.3% during the 4th quarter. Sit Investment Associates Inc. now owns 5,161,376 shares of the investment management company’s stock worth $53,988,000 after purchasing an additional 213,986 shares during the period. Bank of America Corp DE raised its stake in shares of BlackRock Credit Allocation Income Trust by 9.3% in the fourth quarter. Bank of America Corp DE now owns 3,619,300 shares of the investment management company’s stock worth $37,858,000 after purchasing an additional 309,291 shares during the last quarter. Guggenheim Capital LLC lifted its stake in BlackRock Credit Allocation Income Trust by 18.5% during the 4th quarter. Guggenheim Capital LLC now owns 1,440,215 shares of the investment management company’s stock valued at $15,065,000 after acquiring an additional 225,179 shares during the period. Raymond James Financial Inc. purchased a new stake in BlackRock Credit Allocation Income Trust in the fourth quarter valued at $14,172,000. Finally, Invesco Ltd. grew its holdings in BlackRock Credit Allocation Income Trust by 1.7% during the fourth quarter. Invesco Ltd. now owns 1,303,897 shares of the investment management company’s stock worth $13,639,000 after acquiring an additional 22,395 shares during the period.

About BlackRock Credit Allocation Income Trust

BlackRock Credit Allocation Income Trust is a closed ended balanced mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. It invests in the fixed income markets across the globe. For the fixed income portion of the portfolio, the fund primarily invests in securities with an average credit quality of BBB by Standard & Poor's Corporation.