Short Interest in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Grows By 112.2%

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 300,500 shares, an increase of 112.2% from the February 28th total of 141,600 shares. Based on an average daily trading volume, of 350,300 shares, the short-interest ratio is currently 0.9 days.

BlackRock ESG Capital Allocation Term Trust Stock Down 1.0 %

Shares of NYSE ECAT traded down $0.16 during mid-day trading on Friday, hitting $15.91. 348,794 shares of the company’s stock traded hands, compared to its average volume of 281,242. BlackRock ESG Capital Allocation Term Trust has a 1 year low of $15.84 and a 1 year high of $18.14. The company’s 50-day moving average is $16.54 and its two-hundred day moving average is $17.01.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.3063 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.68 dividend on an annualized basis and a yield of 23.11%.

Institutional Investors Weigh In On BlackRock ESG Capital Allocation Term Trust

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

About BlackRock ESG Capital Allocation Term Trust

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.