Short Interest in BlackRock Capital Allocation Term Trust (NYSE:BCAT) Declines By 54.9%

Posted by Tech Dows on Dec 14th, 2024

BlackRock Capital Allocation Term Trust (NYSE:BCAT – Get Free Report) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 113,400 shares, a decline of 54.9% from the November 15th total of 251,200 shares. Based on an average daily trading volume, of 369,600 shares, the short-interest ratio is presently 0.3 days.

BlackRock Capital Allocation Term Trust Trading Up 0.1 %

Shares of BCAT stock traded up $0.01 during trading hours on Friday, hitting $16.32. 528,946 shares of the company were exchanged, compared to its average volume of 356,651. BlackRock Capital Allocation Term Trust has a 1 year low of $14.68 and a 1 year high of $17.18. The firm has a fifty day moving average of $16.20 and a 200 day moving average of $16.32.

BlackRock Capital Allocation Term Trust Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 16th will be given a $0.2892 dividend. This is an increase from BlackRock Capital Allocation Term Trust’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Monday, December 16th. This represents a $3.47 annualized dividend and a yield of 21.26%.

Insider Buying and Selling

In other BlackRock Capital Allocation Term Trust news, major shareholder Saba Capital Management, L.P. sold 166,128 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $16.60, for a total value of $2,757,724.80. Following the transaction, the insider now directly owns 15,096,159 shares in the company, valued at approximately $250,596,239.40. This represents a 1.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 723,927 shares of company stock worth $11,925,047 in the last three months.

Institutional Trading of BlackRock Capital Allocation Term Trust

Several large investors have recently bought and sold shares of BCAT. Ashton Thomas Securities LLC bought a new position in BlackRock Capital Allocation Term Trust during the third quarter worth $156,000. Walleye Capital LLC bought a new position in BlackRock Capital Allocation Term Trust during the third quarter worth $234,000. B. Riley Wealth Advisors Inc. bought a new position in BlackRock Capital Allocation Term Trust during the third quarter worth $238,000. Truist Financial Corp bought a new stake in BlackRock Capital Allocation Term Trust in the second quarter valued at $319,000. Finally, Prospera Financial Services Inc lifted its stake in BlackRock Capital Allocation Term Trust by 5.0% in the third quarter. Prospera Financial Services Inc now owns 23,693 shares of the company’s stock valued at $390,000 after buying an additional 1,137 shares during the last quarter. Institutional investors and hedge funds own 36.12% of the company’s stock.