BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Short Interest Update

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the target of a large increase in short interest in 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 short-interest ratio is currently 0.6 days.

BlackRock ESG Capital Allocation Term Trust Stock Up 0.6 %

Shares of ECAT stock traded up $0.11 during trading on Thursday, hitting $17.35. 187,126 shares of the stock traded hands, compared to its average volume of 259,276. BlackRock ESG Capital Allocation Term Trust has a 52-week low of $15.45 and a 52-week high of $18.14. The firm’s fifty 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 firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.305 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $3.66 dividend on an annualized basis and a yield of 21.10%.

Hedge Funds Weigh In On BlackRock ESG Capital Allocation Term Trust

Several large investors have recently modified their holdings of the business. Comerica Bank raised its holdings in BlackRock ESG Capital Allocation Term Trust by 4.7% in the 1st quarter. Comerica Bank now owns 19,896 shares of the company’s stock valued at $345,000 after buying an additional 895 shares during the period. US Bancorp DE acquired a new stake in shares of BlackRock ESG Capital Allocation Term Trust during the third quarter valued at about $426,000. Whittier Trust Co. purchased a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the 2nd quarter valued at approximately $131,000. Almitas Capital LLC lifted its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 84.5% in the 2nd quarter. Almitas Capital LLC now owns 839,103 shares of the company’s stock worth $14,718,000 after acquiring an additional 384,277 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of BlackRock ESG Capital Allocation Term Trust during the 2nd quarter worth approximately $5,867,000.

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.