BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Short Interest Down 62.0% in June

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 77,600 shares, a drop 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.

Insider Activity

In other BlackRock ESG Capital Allocation Term Trust news, major shareholder Saba Capital Management, L.P. bought 55,980 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was acquired at an average price of $17.34 per share, with a total value of $970,693.20. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Hedge Funds Weigh In On BlackRock ESG Capital Allocation Term Trust

A number of large investors have recently made changes to their positions in ECAT. Advisors Asset Management Inc. increased its position in BlackRock ESG Capital Allocation Term Trust by 27.1% during the third quarter. Advisors Asset Management Inc. now owns 473,449 shares of the company’s stock worth $7,002,000 after acquiring an additional 101,079 shares during the period. Apexium Financial LP bought a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the fourth quarter valued at approximately $1,613,000. Relative Value Partners Group LLC lifted its position in shares of BlackRock ESG Capital Allocation Term Trust by 22.0% during the 4th quarter. Relative Value Partners Group LLC now owns 516,142 shares of the company’s stock valued at $8,325,000 after acquiring an additional 93,034 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of BlackRock ESG Capital Allocation Term Trust by 239.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 77,335 shares of the company’s stock worth $1,247,000 after purchasing an additional 54,553 shares during the period. Finally, Fountainhead AM LLC raised its stake in BlackRock ESG Capital Allocation Term Trust by 206.5% in the fourth quarter. Fountainhead AM LLC now owns 52,472 shares of the company’s stock valued at $846,000 after purchasing an additional 35,352 shares in the last quarter.

BlackRock ESG Capital Allocation Term Trust Stock Up 0.1 %

ECAT traded up $0.01 during trading hours on Friday, reaching $17.54. The company’s stock had a trading volume of 399,124 shares, compared to its average volume of 253,756. The company’s 50-day moving average is $17.12 and its 200-day moving average is $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 business also recently declared a monthly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.297 dividend. The ex-dividend date was Friday, June 14th. This represents a $3.56 dividend on an annualized basis and a yield of 20.32%. This is a positive change from BlackRock ESG Capital Allocation Term Trust’s previous monthly dividend of $0.15.

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.