BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Sees Significant Drop in Short Interest

BlackRock ESG Capital Allocation Term Trust (NYSE:ECATGet Free Report) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 92,879 shares, a decrease of 68.0% from the June 15th total of 290,690 shares. Based on an average daily volume of 459,972 shares, the days-to-cover ratio is presently 0.2 days.

BlackRock ESG Capital Allocation Term Trust Stock Performance

ECAT stock traded up $0.10 during mid-day trading on Friday, hitting $15.86. 314,144 shares of the company were exchanged, compared to its average volume of 527,600. BlackRock ESG Capital Allocation Term Trust has a 1-year low of $13.36 and a 1-year high of $17.14. The firm’s 50 day simple moving average is $15.44 and its 200 day simple moving average is $15.11.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.2688 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 20.3%.

Institutional Investors Weigh In On BlackRock ESG Capital Allocation Term Trust

Several institutional investors have recently added to or reduced their stakes in ECAT. Jane Street Group LLC acquired a new position in BlackRock ESG Capital Allocation Term Trust in the 1st quarter worth $340,000. Cetera Investment Advisers bought a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the second quarter valued at about $340,000. Ameriprise Financial Inc. lifted its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 72.7% in the second quarter. Ameriprise Financial Inc. now owns 452,028 shares of the company’s stock valued at $7,260,000 after purchasing an additional 190,270 shares in the last quarter. Bank of America Corp DE boosted its position in shares of BlackRock ESG Capital Allocation Term Trust by 23.7% during the second quarter. Bank of America Corp DE now owns 739,424 shares of the company’s stock worth $11,875,000 after buying an additional 141,566 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in shares of BlackRock ESG Capital Allocation Term Trust by 630.3% during the second quarter. Geneos Wealth Management Inc. now owns 3,155 shares of the company’s stock worth $51,000 after buying an additional 2,723 shares during the period.

About BlackRock ESG Capital Allocation Term Trust

(Get Free Report)

BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) is a closed-end management investment company sponsored by BlackRock, Inc The trust seeks to provide investors with a combination of current income and capital appreciation through a diversified portfolio of equity and fixed-income securities. ECAT’s investment strategy integrates environmental, social and governance (ESG) criteria into the selection process, targeting companies whose business practices align with sustainable outcomes while aiming to manage risk and enhance long-term returns.

The fund’s portfolio is constructed and managed by BlackRock Investment Management, LLC, leveraging the firm’s global research capabilities and proprietary ESG analytics.

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