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

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 35,300 shares, an increase of 14.2% from the March 31st total of 30,900 shares. Based on an average daily volume of 243,600 shares, the days-to-cover ratio is currently 0.1 days.

Insider Activity

In other BlackRock ESG Capital Allocation Term Trust news, major shareholder Saba Capital Management, L.P. acquired 55,980 shares of BlackRock ESG Capital Allocation Term Trust stock in a transaction that occurred on Monday, April 1st. The stock was purchased at an average cost of $17.34 per share, with a total value of $970,693.20. Following the purchase, the insider now owns 28,552,727 shares in the company, valued at $495,104,286.18. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders acquired 1,610,112 shares of company stock worth $27,193,959 over the last quarter.

Institutional Trading of BlackRock ESG Capital Allocation Term Trust

Institutional investors have recently bought and sold shares of the company. Saba Capital Management L.P. lifted its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 15.7% during the 3rd quarter. Saba Capital Management L.P. now owns 15,335,732 shares of the company’s stock valued at $226,815,000 after buying an additional 2,077,944 shares during the last quarter. UBS Group AG lifted its stake in BlackRock ESG Capital Allocation Term Trust by 18.1% in the third quarter. UBS Group AG now owns 802,110 shares of the company’s stock valued at $11,863,000 after acquiring an additional 123,201 shares during the last quarter. Relative Value Partners Group LLC grew its position in BlackRock ESG Capital Allocation Term Trust by 22.0% in the fourth quarter. Relative Value Partners Group LLC now owns 516,142 shares of the company’s stock worth $8,325,000 after acquiring an additional 93,034 shares in the last quarter. City of London Investment Management Co. Ltd. grew its position in BlackRock ESG Capital Allocation Term Trust by 1.2% in the third quarter. City of London Investment Management Co. Ltd. now owns 491,672 shares of the company’s stock worth $7,272,000 after acquiring an additional 5,841 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of BlackRock ESG Capital Allocation Term Trust by 27.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 473,449 shares of the company’s stock worth $7,002,000 after purchasing an additional 101,079 shares during the last quarter.

BlackRock ESG Capital Allocation Term Trust Stock Up 0.6 %

BlackRock ESG Capital Allocation Term Trust stock traded up $0.10 during trading hours on Monday, hitting $16.29. The company had a trading volume of 121,820 shares, compared to its average volume of 244,004. BlackRock ESG Capital Allocation Term Trust has a fifty-two week low of $14.02 and a fifty-two week high of $17.40. The firm’s fifty day moving average is $16.81 and its 200-day moving average is $16.15.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a $0.15 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.05%. The ex-dividend date is Friday, April 12th.

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.