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

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

Institutional Investors Weigh In On BlackRock ESG Capital Allocation Term Trust

Several large investors have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC purchased a new position in shares of BlackRock ESG Capital Allocation Term Trust during the third quarter valued at $16,053,000. Almitas Capital LLC raised 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 valued at $14,718,000 after purchasing an additional 384,277 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the 2nd quarter valued at about $5,867,000. Kovitz Investment Group Partners LLC purchased a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the 3rd quarter worth approximately $6,005,000. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of BlackRock ESG Capital Allocation Term Trust by 1.0% during the third quarter. Oppenheimer & Co. Inc. now owns 274,525 shares of the company’s stock valued at $4,870,000 after purchasing an additional 2,805 shares in the last quarter.

BlackRock ESG Capital Allocation Term Trust Stock Up 0.6 %

ECAT traded up $0.11 during trading on Friday, reaching $17.46. The company had a trading volume of 238,569 shares, compared to its average volume of 259,186. The business has a 50 day simple moving average of $17.45 and a 200-day simple moving average of $17.41. BlackRock ESG Capital Allocation Term Trust has a 52 week low of $15.52 and a 52 week high of $18.14.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.305 dividend. This represents a $3.66 dividend on an annualized basis and a dividend yield of 20.96%. The ex-dividend date was Friday, November 15th.

About BlackRock ESG Capital Allocation Term Trust

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.