Short Interest in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Rises By 94.6%

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) saw a large growth in short interest in 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 trading volume, of 236,700 shares, the days-to-cover ratio is presently 0.6 days.

BlackRock ESG Capital Allocation Term Trust Stock Up 0.6 %

ECAT stock traded up $0.11 during mid-day trading on Friday, reaching $17.46. 238,569 shares of the company traded hands, compared to its average volume of 259,186. BlackRock ESG Capital Allocation Term Trust has a 52-week low of $15.52 and a 52-week high of $18.14. The company has a fifty day moving average price of $17.45 and a 200-day moving average price of $17.42.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $0.305 per share. This represents a $3.66 annualized dividend and a yield of 20.96%. The ex-dividend date was Friday, November 15th.

Institutional Trading of BlackRock ESG Capital Allocation Term Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Wilmington Savings Fund Society FSB purchased a new position in BlackRock ESG Capital Allocation Term Trust in the 3rd quarter worth approximately $27,000. Arete Wealth Advisors LLC lifted its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 5.3% during the 3rd quarter. Arete Wealth Advisors LLC now owns 14,157 shares of the company’s stock worth $251,000 after acquiring an additional 708 shares during the last quarter. Kovitz Investment Group Partners LLC purchased a new position in BlackRock ESG Capital Allocation Term Trust in the third quarter worth $6,005,000. Penserra Capital Management LLC bought a new position in BlackRock ESG Capital Allocation Term Trust in the third quarter valued at $16,053,000. Finally, Kovack Advisors Inc. purchased a new stake in BlackRock ESG Capital Allocation Term Trust during the third quarter valued at about $444,000.

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.