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

BlackRock Capital Allocation Term Trust (NYSE:BCATGet Free Report) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 140,900 shares, a growth of 1,519.5% from the January 15th total of 8,700 shares. Based on an average daily volume of 335,100 shares, the short-interest ratio is presently 0.4 days.

BlackRock Capital Allocation Term Trust Stock Up 0.1 %

Shares of BCAT stock opened at $15.60 on Monday. The business’s fifty day simple moving average is $15.09 and its 200-day simple moving average is $14.78. BlackRock Capital Allocation Term Trust has a 12-month low of $13.67 and a 12-month high of $15.72.

BlackRock Capital Allocation Term Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.127 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.52 annualized dividend and a dividend yield of 9.77%.

Insider Transactions at BlackRock Capital Allocation Term Trust

In related news, major shareholder Saba Capital Management, L.P. bought 31,866 shares of the company’s stock in a transaction on Friday, November 17th. The shares were acquired at an average price of $14.69 per share, with a total value of $468,111.54. Following the transaction, the insider now owns 11,657,121 shares of the company’s stock, valued at $171,243,107.49. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders acquired 2,109,517 shares of company stock valued at $31,314,033.

Hedge Funds Weigh In On BlackRock Capital Allocation Term Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BCAT. Camelot Portfolios LLC increased its stake in shares of BlackRock Capital Allocation Term Trust by 4.3% in the fourth quarter. Camelot Portfolios LLC now owns 24,500 shares of the company’s stock worth $366,000 after acquiring an additional 1,000 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of BlackRock Capital Allocation Term Trust by 5.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 23,485 shares of the company’s stock valued at $358,000 after buying an additional 1,114 shares during the period. Baird Financial Group Inc. boosted its stake in shares of BlackRock Capital Allocation Term Trust by 4.2% in the second quarter. Baird Financial Group Inc. now owns 36,506 shares of the company’s stock worth $557,000 after buying an additional 1,471 shares during the last quarter. Claro Advisors LLC boosted its stake in shares of BlackRock Capital Allocation Term Trust by 9.9% in the fourth quarter. Claro Advisors LLC now owns 17,736 shares of the company’s stock worth $265,000 after buying an additional 1,603 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC acquired a new stake in BlackRock Capital Allocation Term Trust during the fourth quarter worth about $25,000. Hedge funds and other institutional investors own 31.63% of the company’s stock.

BlackRock Capital Allocation Term Trust Company Profile

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