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

BlackRock Capital Allocation Term Trust (NYSE:BCATGet Free Report) saw a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 140,900 shares, an increase of 1,519.5% from the January 15th total of 8,700 shares. Based on an average daily volume of 335,100 shares, the short-interest ratio is presently 0.4 days.

Insider Buying and Selling at BlackRock Capital Allocation Term Trust

In other BlackRock Capital Allocation Term Trust news, major shareholder Saba Capital Management, L.P. acquired 2,639 shares of the stock in a transaction on Friday, December 1st. The shares were bought at an average cost of $14.79 per share, with a total value of $39,030.81. Following the transaction, the insider now owns 12,625,764 shares of the company’s stock, valued at approximately $186,735,049.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have bought 2,109,517 shares of company stock valued at $31,314,033.

Institutional Investors Weigh In On BlackRock Capital Allocation Term Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Sugarloaf Wealth Management LLC acquired a new position in BlackRock Capital Allocation Term Trust in the fourth quarter worth approximately $25,000. MUFG Americas Holdings Corp acquired a new position in BlackRock Capital Allocation Term Trust during the third quarter valued at approximately $34,000. Bfsg LLC bought a new position in BlackRock Capital Allocation Term Trust in the fourth quarter worth $41,000. CWM LLC bought a new position in BlackRock Capital Allocation Term Trust in the fourth quarter worth $62,000. Finally, NBC Securities Inc. bought a new position in shares of BlackRock Capital Allocation Term Trust during the third quarter valued at $76,000. 31.63% of the stock is owned by institutional investors and hedge funds.

BlackRock Capital Allocation Term Trust Stock Up 0.8 %

Shares of BCAT stock opened at $15.71 on Tuesday. The firm’s 50 day moving average price is $15.10 and its two-hundred day moving average price is $14.79. BlackRock Capital Allocation Term Trust has a fifty-two week low of $13.67 and a fifty-two week high of $15.72.

BlackRock Capital Allocation Term Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, February 29th. Investors of record on Thursday, February 15th will be given a $0.127 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.52 dividend on an annualized basis and a yield of 9.70%.

BlackRock Capital Allocation Term Trust Company Profile

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