Short Interest in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Expands By 179.9%

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 90,400 shares, an increase of 179.9% from the January 31st total of 32,300 shares. Based on an average daily volume of 292,600 shares, the short-interest ratio is currently 0.3 days.

BlackRock ESG Capital Allocation Term Trust Stock Up 0.8 %

Shares of ECAT traded up $0.14 during mid-day trading on Friday, reaching $16.56. The company had a trading volume of 468,295 shares, compared to its average volume of 319,580. The firm has a fifty day simple moving average of $16.69 and a 200-day simple moving average of $17.16. BlackRock ESG Capital Allocation Term Trust has a fifty-two week low of $15.95 and a fifty-two week high of $18.14.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.307 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $3.68 annualized dividend and a yield of 22.25%.

Hedge Funds Weigh In On BlackRock ESG Capital Allocation Term Trust

A number of large investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in BlackRock ESG Capital Allocation Term Trust during the 3rd quarter worth approximately $27,000. IFP Advisors Inc purchased a new stake in BlackRock ESG Capital Allocation Term Trust during the fourth quarter worth approximately $36,000. Fifth Third Bancorp purchased a new stake in BlackRock ESG Capital Allocation Term Trust during the fourth quarter worth approximately $74,000. Private Advisor Group LLC acquired a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the fourth quarter worth $178,000. Finally, K2 Principal Fund L.P. purchased a new position in shares of BlackRock ESG Capital Allocation Term Trust in the 4th quarter valued at $187,000.

BlackRock ESG Capital Allocation Term Trust Company Profile

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.