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

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

Institutional Investors Weigh In On BlackRock Enhanced Capital and Income Fund

Several large investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new position in shares of BlackRock Enhanced Capital and Income Fund in the 2nd quarter worth $222,000. Atomi Financial Group Inc. increased its position in BlackRock Enhanced Capital and Income Fund by 5.6% in the 3rd quarter. Atomi Financial Group Inc. now owns 13,523 shares of the real estate investment trust’s stock worth $266,000 after purchasing an additional 719 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in BlackRock Enhanced Capital and Income Fund during the fourth quarter valued at approximately $330,000. TPG Advisors LLC increased its position in BlackRock Enhanced Capital and Income Fund by 99.2% during the third quarter. TPG Advisors LLC now owns 21,038 shares of the real estate investment trust’s stock worth $414,000 after buying an additional 10,478 shares during the last quarter. Finally, Calamos Advisors LLC raised its stake in shares of BlackRock Enhanced Capital and Income Fund by 81.5% in the 4th quarter. Calamos Advisors LLC now owns 27,955 shares of the real estate investment trust’s stock valued at $562,000 after acquiring an additional 12,557 shares in the last quarter.

BlackRock Enhanced Capital and Income Fund Price Performance

CII traded up $0.15 during trading on Thursday, hitting $20.82. 95,621 shares of the company’s stock were exchanged, compared to its average volume of 98,670. The stock has a 50 day moving average price of $20.28 and a 200 day moving average price of $19.73. BlackRock Enhanced Capital and Income Fund has a 1 year low of $17.57 and a 1 year high of $21.14.

BlackRock Enhanced Capital and Income Fund Announces Dividend

The company 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 $0.141 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.69 annualized dividend and a dividend yield of 8.13%.

About BlackRock Enhanced Capital and Income Fund

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.