BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) Short Interest Up 900.0% in October

BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 26,000 shares, an increase of 900.0% from the September 30th total of 2,600 shares. Based on an average daily volume of 114,900 shares, the days-to-cover ratio is presently 0.2 days.

BlackRock Enhanced Capital and Income Fund Price Performance

CII stock traded down $0.04 during trading on Friday, reaching $19.63. 57,120 shares of the stock traded hands, compared to its average volume of 90,491. The business’s 50 day moving average price is $19.50 and its 200-day moving average price is $19.37. BlackRock Enhanced Capital and Income Fund has a 52-week low of $16.76 and a 52-week high of $20.40.

BlackRock Enhanced Capital and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a $0.0995 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $1.19 annualized dividend and a dividend yield of 6.08%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. lifted its position in shares of BlackRock Enhanced Capital and Income Fund by 173.7% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 54,050 shares of the real estate investment trust’s stock worth $1,053,000 after buying an additional 34,301 shares during the last quarter. Mather Group LLC. acquired a new position in BlackRock Enhanced Capital and Income Fund in the second quarter valued at approximately $47,000. Great Valley Advisor Group Inc. raised its position in shares of BlackRock Enhanced Capital and Income Fund by 15.6% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 18,485 shares of the real estate investment trust’s stock worth $370,000 after purchasing an additional 2,500 shares during the period. Calamos Advisors LLC bought a new position in shares of BlackRock Enhanced Capital and Income Fund in the second quarter valued at $237,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of BlackRock Enhanced Capital and Income Fund by 2.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 72,916 shares of the real estate investment trust’s stock worth $1,458,000 after acquiring an additional 1,699 shares in the last quarter.

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.