Short Interest in BlackRock Credit Allocation Income Trust (NYSE:BTZ) Increases By 38.4%

BlackRock Credit Allocation Income Trust (NYSE:BTZ) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 101,600 shares, an increase of 38.4% from the February 28th total of 73,400 shares. Based on an average trading volume of 265,600 shares, the short-interest ratio is presently 0.4 days.

BlackRock Credit Allocation Income Trust Stock Up 0.6 %

NYSE:BTZ traded up $0.07 during mid-day trading on Tuesday, hitting $10.79. The stock had a trading volume of 265,813 shares, compared to its average volume of 252,737. BlackRock Credit Allocation Income Trust has a twelve month low of $9.92 and a twelve month high of $11.30. The stock has a 50-day simple moving average of $10.74 and a two-hundred day simple moving average of $10.81.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.0839 per share. This is a positive change from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. This represents a $1.01 annualized dividend and a yield of 9.34%. The ex-dividend date of this dividend was Friday, March 14th.

Institutional Investors Weigh In On BlackRock Credit Allocation Income Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Capital Investment Advisors LLC lifted its holdings in BlackRock Credit Allocation Income Trust by 5.3% in the fourth quarter. Capital Investment Advisors LLC now owns 1,004,445 shares of the investment management company’s stock valued at $10,506,000 after acquiring an additional 50,134 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust during the fourth quarter worth $162,000. Affiance Financial LLC grew its holdings in BlackRock Credit Allocation Income Trust by 100.0% in the 4th quarter. Affiance Financial LLC now owns 20,000 shares of the investment management company’s stock valued at $209,000 after buying an additional 10,000 shares during the period. Ibex Wealth Advisors acquired a new position in shares of BlackRock Credit Allocation Income Trust in the 4th quarter valued at $1,226,000. Finally, Elm3 Financial Group LLC acquired a new position in BlackRock Credit Allocation Income Trust in the fourth quarter valued at $130,000.

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.