Short Interest in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Drops By 62.0%

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totalling 77,600 shares, a drop of 62.0% from the May 31st total of 204,100 shares. Based on an average daily volume of 244,100 shares, the days-to-cover ratio is currently 0.3 days.

BlackRock ESG Capital Allocation Term Trust Trading Up 0.1 %

Shares of ECAT traded up $0.01 during mid-day trading on Friday, reaching $17.54. The company’s stock had a trading volume of 399,124 shares, compared to its average volume of 253,756. BlackRock ESG Capital Allocation Term Trust has a 52 week low of $14.02 and a 52 week high of $17.99. The company’s fifty day moving average price is $17.12 and its two-hundred day moving average price is $16.81.

BlackRock ESG Capital Allocation Term Trust Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.297 per share. This represents a $3.56 annualized dividend and a yield of 20.32%. This is a positive change from BlackRock ESG Capital Allocation Term Trust’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Friday, June 14th.

Insider Activity at BlackRock ESG Capital Allocation Term Trust

In related news, major shareholder Saba Capital Management, L.P. purchased 55,980 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were purchased at an average price of $17.34 per share, with a total value of $970,693.20. Following the acquisition, the insider now directly owns 28,552,727 shares of the company’s stock, valued at $495,104,286.18. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Comerica Bank boosted its holdings in BlackRock ESG Capital Allocation Term Trust by 4.7% during the 1st quarter. Comerica Bank now owns 19,896 shares of the company’s stock valued at $345,000 after acquiring an additional 895 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of BlackRock ESG Capital Allocation Term Trust by 0.7% during the first quarter. Advisors Asset Management Inc. now owns 515,785 shares of the company’s stock valued at $8,954,000 after purchasing an additional 3,374 shares during the period. Oppenheimer & Co. Inc. grew its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 13.5% in the first quarter. Oppenheimer & Co. Inc. now owns 87,809 shares of the company’s stock worth $1,524,000 after purchasing an additional 10,474 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 14.4% in the first quarter. Blue Bell Private Wealth Management LLC now owns 124,275 shares of the company’s stock worth $2,157,000 after purchasing an additional 15,672 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of BlackRock ESG Capital Allocation Term Trust by 51.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 77,459 shares of the company’s stock worth $1,345,000 after buying an additional 26,322 shares during the period.

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.