BlackRock Credit Allocation Income Trust (NYSE:BTZ) Short Interest Update

BlackRock Credit Allocation Income Trust (NYSE:BTZGet Free Report) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 257,357 shares, a growth of 96.8% from the July 15th total of 130,766 shares. Based on an average trading volume of 324,010 shares, the short-interest ratio is currently 0.8 days.

BlackRock Credit Allocation Income Trust Trading Down 0.9%

Shares of BlackRock Credit Allocation Income Trust stock traded down $0.09 on Friday, reaching $10.23. 195,288 shares of the stock were exchanged, compared to its average volume of 302,095. BlackRock Credit Allocation Income Trust has a 1-year low of $9.70 and a 1-year high of $11.18. The business has a fifty day moving average price of $10.14 and a two-hundred day moving average price of $10.26.

BlackRock Credit Allocation Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.0839 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 9.8%.

Institutional Trading of BlackRock Credit Allocation Income Trust

Several hedge funds have recently modified their holdings of the business. Fifth Third Bancorp acquired a new position in BlackRock Credit Allocation Income Trust during the first quarter worth $34,000. Comerica Bank lifted its holdings in BlackRock Credit Allocation Income Trust by 136.5% in the third quarter. Comerica Bank now owns 4,063 shares of the investment management company’s stock valued at $45,000 after acquiring an additional 2,345 shares during the period. Advisory Services Network LLC purchased a new stake in shares of BlackRock Credit Allocation Income Trust during the 3rd quarter worth $103,000. Stephens Inc. AR purchased a new stake in shares of BlackRock Credit Allocation Income Trust during the 1st quarter worth $106,000. Finally, Equitable Holdings Inc. acquired a new position in shares of BlackRock Credit Allocation Income Trust during the 3rd quarter worth $113,000.

BlackRock Credit Allocation Income Trust Company Profile

(Get Free Report)

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company sponsored by BlackRock Fund Advisors. The trust seeks to provide investors with a high level of current income, as well as the potential for capital appreciation, through an actively managed portfolio of credit and income-producing securities. BTZ primarily focuses on instruments that offer attractive yields while aiming to preserve capital over the long term.

The portfolio is diversified across a broad spectrum of credit sectors, including investment-grade corporate debt, high-yield bonds, leveraged bank loans, residential and commercial mortgage-backed securities, and asset-backed securities.

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