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

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 77,600 shares, a decrease of 62.0% from the May 31st total of 204,100 shares. Based on an average daily volume of 244,100 shares, the short-interest ratio is presently 0.3 days.

BlackRock ESG Capital Allocation Term Trust Price Performance

ECAT stock traded up $0.01 during trading on Friday, reaching $17.54. The company had a trading volume of 399,124 shares, compared to its average volume of 253,756. The business has a 50 day moving average of $17.12 and a 200 day moving average of $16.81. BlackRock ESG Capital Allocation Term Trust has a 52 week low of $14.02 and a 52 week high of $17.99.

BlackRock ESG Capital Allocation Term Trust Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.297 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 20.32%. The ex-dividend date of this dividend was Friday, June 14th. This is a boost from BlackRock ESG Capital Allocation Term Trust’s previous monthly dividend of $0.15.

Insider Buying and Selling at BlackRock ESG Capital Allocation Term Trust

In other BlackRock ESG Capital Allocation Term Trust news, major shareholder Saba Capital Management, L.P. acquired 55,980 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were purchased at an average cost of $17.34 per share, for a total transaction of $970,693.20. Following the transaction, the insider now owns 28,552,727 shares in the company, valued at $495,104,286.18. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Institutional Investors Weigh In On BlackRock ESG Capital Allocation Term Trust

Several hedge funds have recently made changes to their positions in the company. Americana Partners LLC grew its position in shares of BlackRock ESG Capital Allocation Term Trust by 0.4% in the 4th quarter. Americana Partners LLC now owns 145,725 shares of the company’s stock worth $2,351,000 after buying an additional 646 shares during the period. Comerica Bank lifted its holdings in shares of BlackRock ESG Capital Allocation Term Trust by 4.7% during the first quarter. Comerica Bank now owns 19,896 shares of the company’s stock valued at $345,000 after purchasing an additional 895 shares during the last quarter. Tower Research Capital LLC TRC boosted its position 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 worth $29,000 after purchasing an additional 1,582 shares in the last quarter. Northwest Financial Advisors bought a new position in BlackRock ESG Capital Allocation Term Trust during the 4th quarter valued at approximately $27,000. Finally, D.A. Davidson & CO. raised its position in shares of BlackRock ESG Capital Allocation Term Trust by 6.3% in the 4th quarter. D.A. Davidson & CO. now owns 33,830 shares of the company’s stock worth $546,000 after purchasing an additional 2,000 shares during the last quarter.

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.