BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Short Interest Update

Posted by on Aug 13th, 2023

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT – Get Free Report) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 69,900 shares, an increase of 175.2% from the July 15th total of 25,400 shares. Based on an average trading volume of 247,900 shares, the short-interest ratio is currently 0.3 days.

BlackRock ESG Capital Allocation Term Trust Trading Down 0.6 %

Shares of ECAT stock opened at $15.49 on Friday. The company has a 50 day moving average price of $15.74 and a 200-day moving average price of $15.28. BlackRock ESG Capital Allocation Term Trust has a 52 week low of $12.74 and a 52 week high of $16.10.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, August 14th. This represents a $1.50 annualized dividend and a yield of 9.68%.

Insider Activity at BlackRock ESG Capital Allocation Term Trust

In other news, major shareholder Saba Capital Management, L.P. bought 21,659 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was acquired at an average cost of $15.28 per share, with a total value of $330,949.52. Following the completion of the acquisition, the insider now owns 11,395,102 shares of the company’s stock, valued at $174,117,158.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders acquired a total of 1,428,955 shares of company stock valued at $22,172,195 in the last three months.

Institutional Trading of BlackRock ESG Capital Allocation Term Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. increased its holdings in BlackRock ESG Capital Allocation Term Trust by 47.5% during the first quarter. Bessemer Group Inc. now owns 2,034 shares of the company’s stock valued at $32,000 after buying an additional 655 shares during the last quarter. Creative Planning increased its stake in shares of BlackRock ESG Capital Allocation Term Trust by 4.5% in the second quarter. Creative Planning now owns 16,788 shares of the company’s stock worth $263,000 after purchasing an additional 722 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of BlackRock ESG Capital Allocation Term Trust by 1.7% in the second quarter. Osaic Holdings Inc. now owns 45,490 shares of the company’s stock worth $712,000 after purchasing an additional 754 shares in the last quarter. Dakota Wealth Management increased its stake in shares of BlackRock ESG Capital Allocation Term Trust by 3.8% in the second quarter. Dakota Wealth Management now owns 40,605 shares of the company’s stock worth $636,000 after purchasing an additional 1,490 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of BlackRock ESG Capital Allocation Term Trust by 4.9% in the first quarter. Janney Montgomery Scott LLC now owns 39,665 shares of the company’s stock worth $619,000 after purchasing an additional 1,835 shares in the last quarter.

BlackRock ESG Capital Allocation Term Trust Company Profile

(Get Free Report)

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.

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