BlackRock Credit Allocation Income Trust (NYSE:BTZ) Short Interest Update

BlackRock Credit Allocation Income Trust (NYSE:BTZ) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 106,300 shares, an increase of 76.0% from the January 31st total of 60,400 shares. Based on an average daily trading volume, of 262,600 shares, the short-interest ratio is currently 0.4 days.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of BlackRock Credit Allocation Income Trust stock opened at $10.84 on Tuesday. The firm’s 50-day simple moving average is $10.67 and its 200-day simple moving average is $10.87. BlackRock Credit Allocation Income Trust has a 1 year low of $9.92 and a 1 year high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.0839 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.01 annualized dividend and a dividend yield of 9.29%. This is a positive change from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

Institutional Investors Weigh In On BlackRock Credit Allocation Income Trust

Large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust in the fourth quarter valued at approximately $162,000. Wolverine Asset Management LLC bought a new stake in BlackRock Credit Allocation Income Trust during the fourth quarter worth approximately $279,000. Horizon Kinetics Asset Management LLC lifted its position in shares of BlackRock Credit Allocation Income Trust by 25.6% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 51,023 shares of the investment management company’s stock valued at $576,000 after acquiring an additional 10,389 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of BlackRock Credit Allocation Income Trust by 0.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 382,831 shares of the investment management company’s stock valued at $4,318,000 after acquiring an additional 3,160 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of BlackRock Credit Allocation Income Trust by 1.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 259,111 shares of the investment management company’s stock valued at $2,922,000 after acquiring an additional 3,353 shares in the last quarter.

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.