Short Interest in BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) Rises By 231.7%

BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 83,600 shares, a growth of 231.7% from the December 15th total of 25,200 shares. Based on an average daily trading volume, of 119,200 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On BlackRock Enhanced Capital and Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Atomi Financial Group Inc. lifted its holdings in BlackRock Enhanced Capital and Income Fund by 5.6% during the 3rd quarter. Atomi Financial Group Inc. now owns 13,523 shares of the real estate investment trust’s stock valued at $266,000 after buying an additional 719 shares in the last quarter. Private Advisor Group LLC raised its stake in BlackRock Enhanced Capital and Income Fund by 3.0% in the second quarter. Private Advisor Group LLC now owns 46,395 shares of the real estate investment trust’s stock valued at $927,000 after buying an additional 1,363 shares during the last quarter. Stifel Financial Corp boosted its holdings in BlackRock Enhanced Capital and Income Fund by 4.0% in the third quarter. Stifel Financial Corp now owns 43,171 shares of the real estate investment trust’s stock worth $850,000 after acquiring an additional 1,677 shares in the last quarter. Sanctuary Advisors LLC raised its position in shares of BlackRock Enhanced Capital and Income Fund by 28.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 15,314 shares of the real estate investment trust’s stock valued at $302,000 after purchasing an additional 3,397 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its stake in BlackRock Enhanced Capital and Income Fund by 8.3% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 48,759 shares of the real estate investment trust’s stock valued at $975,000 after purchasing an additional 3,733 shares in the last quarter.

BlackRock Enhanced Capital and Income Fund Stock Up 1.1 %

Shares of CII stock traded up $0.22 during trading hours on Wednesday, reaching $20.40. 92,297 shares of the company traded hands, compared to its average volume of 115,855. BlackRock Enhanced Capital and Income Fund has a 12-month low of $17.57 and a 12-month high of $20.50. The firm has a 50-day moving average price of $20.07 and a 200 day moving average price of $19.68.

BlackRock Enhanced Capital and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.141 per share. This represents a $1.69 annualized dividend and a dividend yield of 8.29%. The ex-dividend date is Wednesday, January 15th.

BlackRock Enhanced Capital and Income Fund Company Profile

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.