BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Sees Large Growth in Short Interest

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ECAT. Mather Group LLC. bought a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the third quarter worth about $37,000. Whittier Trust Co. bought a new stake in BlackRock ESG Capital Allocation Term Trust in the 2nd quarter worth approximately $131,000. PFG Investments LLC raised its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 17.4% during the 2nd quarter. PFG Investments LLC now owns 18,200 shares of the company’s stock worth $319,000 after acquiring an additional 2,700 shares in the last quarter. Comerica Bank raised its stake in BlackRock ESG Capital Allocation Term Trust by 4.7% during the first quarter. Comerica Bank now owns 19,896 shares of the company’s stock valued at $345,000 after purchasing an additional 895 shares in the last quarter. Finally, Truist Financial Corp increased its stake in 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.

BlackRock ESG Capital Allocation Term Trust Trading Down 0.6 %

Shares of NYSE:ECAT traded down $0.11 during mid-day trading on Friday, reaching $17.14. 174,235 shares of the company traded hands, compared to its average volume of 260,518. BlackRock ESG Capital Allocation Term Trust has a 52 week low of $14.02 and a 52 week high of $18.14. The company’s 50 day moving average price is $17.52 and its 200-day moving average price is $17.27.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

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

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.