BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Short Interest Up 128.4% in October

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 148,900 shares, a growth of 128.4% from the September 30th total of 65,200 shares. Based on an average daily volume of 250,400 shares, the days-to-cover ratio is currently 0.6 days.

BlackRock ESG Capital Allocation Term Trust Stock Performance

Shares of NYSE ECAT traded down $0.11 during mid-day trading on Friday, hitting $17.14. 174,235 shares of the stock were exchanged, compared to its average volume of 260,518. BlackRock ESG Capital Allocation Term Trust has a twelve month low of $14.02 and a twelve month high of $18.14. The stock’s fifty day simple moving average is $17.52 and its two-hundred day simple moving average is $17.27.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a $0.3016 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $3.62 annualized dividend and a yield of 21.11%.

Hedge Funds Weigh In On BlackRock ESG Capital Allocation Term Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Mather Group LLC. acquired a new position in shares of BlackRock ESG Capital Allocation Term Trust during the third quarter worth approximately $37,000. Whittier Trust Co. bought a new position in BlackRock ESG Capital Allocation Term Trust in the 2nd quarter valued at $131,000. PFG Investments LLC increased its stake in shares of BlackRock ESG Capital Allocation Term Trust by 17.4% in the 2nd quarter. PFG Investments LLC now owns 18,200 shares of the company’s stock valued at $319,000 after buying an additional 2,700 shares during the period. Comerica Bank increased its stake in shares of BlackRock ESG Capital Allocation Term Trust by 4.7% in the 1st quarter. Comerica Bank now owns 19,896 shares of the company’s stock valued at $345,000 after buying an additional 895 shares during the period. Finally, Truist Financial Corp raised its position in shares of BlackRock ESG Capital Allocation Term Trust by 9.8% during the second quarter. Truist Financial Corp now owns 27,457 shares of the company’s stock worth $482,000 after acquiring an additional 2,460 shares during the last quarter.

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.