Short Interest in BlackRock Credit Allocation Income Trust (NYSE:BTZ) Decreases By 31.0%

BlackRock Credit Allocation Income Trust (NYSE:BTZ) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 73,400 shares, a decline of 31.0% from the February 13th total of 106,300 shares. Based on an average daily volume of 273,900 shares, the short-interest ratio is presently 0.3 days.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of NYSE:BTZ opened at $10.57 on Friday. BlackRock Credit Allocation Income Trust has a 52 week low of $9.92 and a 52 week high of $11.30. The company’s fifty day moving average is $10.71 and its 200-day moving average is $10.85.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.0839 dividend. This represents a $1.01 dividend on an annualized basis and a dividend yield of 9.53%. This is a boost from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BTZ. Kentucky Trust Co bought a new position in shares of BlackRock Credit Allocation Income Trust in the fourth quarter valued at about $28,000. Oarsman Capital Inc. raised its holdings in shares of BlackRock Credit Allocation Income Trust by 460.8% in the fourth quarter. Oarsman Capital Inc. now owns 6,085 shares of the investment management company’s stock valued at $64,000 after buying an additional 5,000 shares during the last quarter. Huntington National Bank raised its holdings in shares of BlackRock Credit Allocation Income Trust by 458,000.0% in the fourth quarter. Huntington National Bank now owns 9,162 shares of the investment management company’s stock valued at $96,000 after buying an additional 9,160 shares during the last quarter. Argentarii LLC bought a new position in shares of BlackRock Credit Allocation Income Trust in the fourth quarter valued at about $108,000. Finally, Noble Wealth Management PBC bought a new position in shares of BlackRock Credit Allocation Income Trust in the fourth quarter valued at about $110,000.

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.