Short Interest in BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) Rises By 34.3%

BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 32,500 shares, an increase of 34.3% from the November 15th total of 24,200 shares. Based on an average daily volume of 115,400 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Cornerstone Advisors LLC grew its position in BlackRock Enhanced Capital and Income Fund by 120.3% during the 3rd quarter. Cornerstone Advisors LLC now owns 450,700 shares of the real estate investment trust’s stock worth $8,874,000 after acquiring an additional 246,093 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of BlackRock Enhanced Capital and Income Fund during the third quarter worth $22,420,000. Shaker Financial Services LLC grew its holdings in shares of BlackRock Enhanced Capital and Income Fund by 49.2% during the third quarter. Shaker Financial Services LLC now owns 339,551 shares of the real estate investment trust’s stock worth $6,686,000 after purchasing an additional 111,924 shares during the last quarter. Wolverine Asset Management LLC increased its stake in shares of BlackRock Enhanced Capital and Income Fund by 82.4% in the third quarter. Wolverine Asset Management LLC now owns 230,165 shares of the real estate investment trust’s stock valued at $4,532,000 after buying an additional 103,972 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of BlackRock Enhanced Capital and Income Fund by 15.1% in the second quarter. Envestnet Asset Management Inc. now owns 270,393 shares of the real estate investment trust’s stock valued at $5,405,000 after buying an additional 35,449 shares during the last quarter.

BlackRock Enhanced Capital and Income Fund Trading Up 0.2 %

Shares of BlackRock Enhanced Capital and Income Fund stock traded up $0.04 during mid-day trading on Friday, reaching $20.24. 102,193 shares of the stock were exchanged, compared to its average volume of 94,110. BlackRock Enhanced Capital and Income Fund has a fifty-two week low of $17.57 and a fifty-two week high of $20.46. The firm has a 50-day simple moving average of $19.85 and a 200 day simple moving average of $19.60.

BlackRock Enhanced Capital and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 16th will be issued a dividend of $0.141 per share. This represents a $1.69 annualized dividend and a dividend yield of 8.36%. The ex-dividend date of this dividend is Monday, December 16th.

About BlackRock Enhanced Capital and Income Fund

BlackRock Enhanced Capital and Income Fund, Inc is a closed ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in public equity markets across the globe. The fund seeks to invest in securities of companies operating across diversified sectors.