BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Short Interest Up 119.4% in June

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 290,690 shares, an increase of 119.4% from the May 31st total of 132,501 shares. Based on an average daily volume of 545,463 shares, the short-interest ratio is presently 0.5 days.

BlackRock ESG Capital Allocation Term Trust Stock Performance

ECAT stock opened at $15.65 on Tuesday. The company has a 50 day moving average price of $15.23 and a 200 day moving average price of $15.11. BlackRock ESG Capital Allocation Term Trust has a fifty-two week low of $13.36 and a fifty-two week high of $17.14.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.2688 dividend. This represents a c) annualized dividend and a dividend yield of 20.6%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Investors Weigh In On BlackRock ESG Capital Allocation Term Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in BlackRock ESG Capital Allocation Term Trust by 0.5% in the first quarter. Bank of America Corp DE now owns 785,898 shares of the company’s stock valued at $10,672,000 after acquiring an additional 3,985 shares during the last quarter. Royal Bank of Canada increased its position in BlackRock ESG Capital Allocation Term Trust by 0.8% in the first quarter. Royal Bank of Canada now owns 1,223,160 shares of the company’s stock worth $16,611,000 after purchasing an additional 9,985 shares during the period. Cetera Investment Advisers raised its holdings in BlackRock ESG Capital Allocation Term Trust by 11.7% during the 1st quarter. Cetera Investment Advisers now owns 67,685 shares of the company’s stock worth $919,000 after purchasing an additional 7,100 shares during the last quarter. Aviance Capital Partners LLC bought a new stake in BlackRock ESG Capital Allocation Term Trust during the 1st quarter worth about $553,000. Finally, Gryphon Financial Partners LLC acquired a new position in BlackRock ESG Capital Allocation Term Trust during the 1st quarter valued at about $153,000.

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.