Short Interest in BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Rises By 14.2%

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

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. purchased 66,190 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were bought at an average price of $16.52 per share, for a total transaction of $1,093,458.80. Following the completion of the transaction, the insider now owns 25,619,155 shares of the company’s stock, valued at $423,228,440.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased 1,610,112 shares of company stock valued at $27,193,959 over the last 90 days.

Hedge Funds Weigh In On BlackRock ESG Capital Allocation Term Trust

A number of institutional investors have recently modified their holdings of the business. Northwest Financial Advisors acquired a new stake in BlackRock ESG Capital Allocation Term Trust in the fourth quarter valued at about $27,000. Tower Research Capital LLC TRC boosted its stake in shares of BlackRock ESG Capital Allocation Term Trust by 791.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,782 shares of the company’s stock valued at $29,000 after purchasing an additional 1,582 shares in the last quarter. Cape Investment Advisory Inc. bought a new stake in shares of BlackRock ESG Capital Allocation Term Trust during the 4th quarter valued at approximately $98,000. Park Avenue Securities LLC acquired a new position in BlackRock ESG Capital Allocation Term Trust during the 3rd quarter worth approximately $152,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in BlackRock ESG Capital Allocation Term Trust during the 3rd quarter worth approximately $181,000.

BlackRock ESG Capital Allocation Term Trust Stock Performance

Shares of NYSE ECAT traded up $0.10 during trading hours on Monday, hitting $16.29. 121,820 shares of the stock were exchanged, compared to its average volume of 244,004. The company’s fifty day simple moving average is $16.81 and its two-hundred day simple moving average is $16.15. BlackRock ESG Capital Allocation Term Trust has a 1-year low of $14.02 and a 1-year high of $17.40.

BlackRock ESG Capital Allocation Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued 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 of this dividend is Friday, April 12th.

BlackRock ESG Capital Allocation Term Trust Company Profile

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.