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

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 277,370 shares, a growth of 151.4% from the April 30th total of 110,341 shares. Based on an average daily volume of 582,313 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On BlackRock ESG Capital Allocation Term Trust

Several institutional investors and hedge funds have recently made changes to their positions in ECAT. Penserra Capital Management LLC grew its position in BlackRock ESG Capital Allocation Term Trust by 13.9% during the third quarter. Penserra Capital Management LLC now owns 1,238,092 shares of the company’s stock worth $20,304,000 after buying an additional 151,210 shares in the last quarter. Royal Bank of Canada grew its position in BlackRock ESG Capital Allocation Term Trust by 0.8% during the first quarter. Royal Bank of Canada now owns 1,223,160 shares of the company’s stock worth $16,611,000 after buying an additional 9,985 shares in the last quarter. Invesco Ltd. grew its position in BlackRock ESG Capital Allocation Term Trust by 0.3% during the third quarter. Invesco Ltd. now owns 1,072,318 shares of the company’s stock worth $17,586,000 after buying an additional 3,204 shares in the last quarter. Bank of America Corp DE grew its position in BlackRock ESG Capital Allocation Term Trust by 0.5% during the first quarter. Bank of America Corp DE now owns 785,898 shares of the company’s stock worth $10,672,000 after buying an additional 3,985 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in BlackRock ESG Capital Allocation Term Trust by 8.5% during the fourth quarter. Advisors Asset Management Inc. now owns 580,695 shares of the company’s stock worth $8,931,000 after buying an additional 45,612 shares in the last quarter.

BlackRock ESG Capital Allocation Term Trust Stock Up 0.4%

BlackRock ESG Capital Allocation Term Trust stock opened at $15.64 on Friday. BlackRock ESG Capital Allocation Term Trust has a 12 month low of $13.36 and a 12 month high of $17.14. The stock’s 50 day moving average is $14.65 and its 200-day moving average is $15.17.

About BlackRock ESG Capital Allocation Term Trust

BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) is a closed-end management investment company sponsored by BlackRock, Inc The trust seeks to provide investors with a combination of current income and capital appreciation through a diversified portfolio of equity and fixed-income securities. ECAT’s investment strategy integrates environmental, social and governance (ESG) criteria into the selection process, targeting companies whose business practices align with sustainable outcomes while aiming to manage risk and enhance long-term returns.

The fund’s portfolio is constructed and managed by BlackRock Investment Management, LLC, leveraging the firm’s global research capabilities and proprietary ESG analytics.