BlackRock Credit Allocation Income Trust (NYSE:BTZ) Short Interest Up 138.2% in November

BlackRock Credit Allocation Income Trust (NYSE:BTZ) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 85,500 shares, a growth of 138.2% from the October 31st total of 35,900 shares. Based on an average daily volume of 257,000 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On BlackRock Credit Allocation Income Trust

Several large investors have recently modified their holdings of the business. Lazard Asset Management LLC bought a new position in shares of BlackRock Credit Allocation Income Trust during the first quarter worth about $128,000. Cetera Advisors LLC acquired a new position in shares of BlackRock Credit Allocation Income Trust in the 1st quarter worth approximately $146,000. Capital Investment Advisors LLC boosted its stake in shares of BlackRock Credit Allocation Income Trust by 5.2% in the 2nd quarter. Capital Investment Advisors LLC now owns 907,187 shares of the investment management company’s stock valued at $9,716,000 after purchasing an additional 44,997 shares during the last quarter. Atticus Wealth Management LLC increased its position in shares of BlackRock Credit Allocation Income Trust by 196.4% during the second quarter. Atticus Wealth Management LLC now owns 2,964 shares of the investment management company’s stock worth $32,000 after buying an additional 1,964 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of BlackRock Credit Allocation Income Trust by 4.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 961,789 shares of the investment management company’s stock worth $10,301,000 after buying an additional 41,322 shares during the period.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of NYSE:BTZ traded up $0.01 during midday trading on Friday, hitting $10.98. 166,670 shares of the stock were exchanged, compared to its average volume of 255,369. The business’s 50-day moving average price is $10.98 and its 200 day moving average price is $10.84. BlackRock Credit Allocation Income Trust has a 12 month low of $9.92 and a 12 month high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.0839 dividend. This is a boost from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. This represents a $1.01 annualized dividend and a yield of 9.17%. The ex-dividend date of this dividend was Friday, November 15th.

BlackRock Credit Allocation Income Trust Company Profile

BlackRock Credit Allocation Income Trust is a closed ended balanced mutual fund launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. It invests in the fixed income markets across the globe. For the fixed income portion of the portfolio, the fund primarily invests in securities with an average credit quality of BBB by Standard & Poor's Corporation.