Short Interest in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Increases By 94.6%

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 146,700 shares, an increase of 94.6% from the October 31st total of 75,400 shares. Based on an average daily trading volume, of 236,700 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On BlackRock ESG Capital Allocation Term Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in BlackRock ESG Capital Allocation Term Trust during the 3rd quarter valued at approximately $27,000. Mather Group LLC. acquired a new position in BlackRock ESG Capital Allocation Term Trust during the third quarter valued at $37,000. Whittier Trust Co. purchased a new stake in BlackRock ESG Capital Allocation Term Trust in the second quarter valued at $131,000. Arete Wealth Advisors LLC grew its position in BlackRock ESG Capital Allocation Term Trust by 5.3% during the 3rd quarter. Arete Wealth Advisors LLC now owns 14,157 shares of the company’s stock worth $251,000 after purchasing an additional 708 shares during the period. Finally, Shaker Financial Services LLC acquired a new stake in BlackRock ESG Capital Allocation Term Trust during the 3rd quarter worth about $275,000.

BlackRock ESG Capital Allocation Term Trust Stock Up 0.6 %

NYSE:ECAT traded up $0.11 during trading hours on Friday, hitting $17.46. 238,569 shares of the company were exchanged, compared to its average volume of 259,186. BlackRock ESG Capital Allocation Term Trust has a 52-week low of $15.52 and a 52-week high of $18.14. The company’s 50 day moving average price is $17.45 and its 200-day moving average price is $17.41.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.305 dividend. This represents a $3.66 annualized dividend and a dividend yield of 20.96%. The ex-dividend date of this dividend was Friday, November 15th.

BlackRock ESG Capital Allocation Term Trust Company Profile

BlackRock ESG Capital Allocation Trust’s (ECAT) (the ‘Trust’) investment objectives are to provide total return and income through a combination of current income, current gains and long-term capital appreciation. The Trust invests in a portfolio of equity and debt securities. Generally, the Trust’s portfolio will include both equity and debt securities.