BlackRock Credit Allocation Income Trust (NYSE:BTZ) Shares Shorted: Short Interest Up 242.0% in October

BlackRock Credit Allocation Income Trust (NYSE:BTZ – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 251,994 shares, a growth of 242.0% from the September 30th total of 73,673 shares. Based on an average trading volume of 392,438 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Ibex Wealth Advisors grew its holdings in shares of BlackRock Credit Allocation Income Trust by 0.9% during the first quarter. Ibex Wealth Advisors now owns 108,640 shares of the investment management company’s stock worth $1,097,000 after buying an additional 992 shares in the last quarter. Fifth Third Bancorp acquired a new stake in BlackRock Credit Allocation Income Trust in the 1st quarter worth about $34,000. Waterfront Wealth Inc. grew its holdings in BlackRock Credit Allocation Income Trust by 4.0% in the 1st quarter. Waterfront Wealth Inc. now owns 116,422 shares of the investment management company’s stock valued at $1,176,000 after buying an additional 4,510 shares during the period. Stephens Inc. AR acquired a new position in shares of BlackRock Credit Allocation Income Trust during the 1st quarter valued at about $106,000. Finally, First Bank & Trust acquired a new stake in shares of BlackRock Credit Allocation Income Trust in the third quarter worth approximately $109,000.

BlackRock Credit Allocation Income Trust Stock Down 1.1%

BTZ stock traded down $0.10 on Friday, hitting $9.49. The company’s stock had a trading volume of 157,345 shares, compared to its average volume of 328,801. BlackRock Credit Allocation Income Trust has a 1 year low of $9.25 and a 1 year high of $11.18. The firm has a 50 day moving average of $9.64 and a two-hundred day moving average of $10.12.

BlackRock Credit Allocation Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be issued a $0.0839 dividend. This represents a $1.01 annualized dividend and a dividend yield of 10.6%. The ex-dividend date of this dividend is Friday, December 11th.

BlackRock Credit Allocation Income Trust Company Profile

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