Short Interest Surge in BlackRock Capital Allocation Term Trust (NYSE:BCAT)

BlackRock Capital Allocation Term Trust (NYSE:BCAT) has experienced a notable rise in short interest during December. By December 15th, the total short interest reached 128,600 shares, marking a 13.4% increase from the 113,400 shares reported on November 30th. Given an average daily trading volume of 402,500 shares, the current short-interest ratio stands at 0.3 days.

Insider Transactions

In recent developments, Saba Capital Management, L.P., a significant shareholder, sold 52,067 shares of BlackRock Capital Allocation Term Trust on October 4th. This transaction occurred at an average price of $16.47, resulting in a total sale value of approximately $857,543.49. Following this sale, Saba Capital Management now owns around 15,669,481 shares of the trust, worth about $258,076,352.07, which represents a decrease of 0.33% in their ownership. Details about this sale are available in a filing with the Securities & Exchange Commission. Over the past 90 days, insiders have sold a total of 530,336 shares valued at approximately $8,738,508.

Institutional Investments

Recently, several large investors have adjusted their stakes in BlackRock Capital Allocation Term Trust. Penserra Capital Management LLC entered a new position worth around $15,901,000 during the third quarter. Meanwhile, Sanctuary Advisors LLC acquired a new position valued at approximately $2,967,000 in the second quarter. Additionally, Cambridge Investment Research Advisors Inc. increased its holdings by 4.3% in the trust during the second quarter, now owning 133,238 shares valued at about $2,186,000 after purchasing an additional 5,438 shares. Similarly, Blue Bell Private Wealth Management LLC raised its shares by 4.0% during the same period, increasing their total to 104,722 shares worth $1,718,000 after acquiring 4,059 more shares. Lastly, Mathes Company Inc. expanded its stake by 6.0% in the third quarter, bringing its total to 96,500 shares valued at $1,587,000. Currently, about 36.12% of the trust's stock is held by hedge funds and other institutional investors.

Stock Performance

On the trading day of Wednesday, BlackRock Capital Allocation Term Trust saw its shares rise by 0.3%, reaching $15.15. The trading volume for the day was 676,663 shares, exceeding the average volume of 370,566. The trust's shares have seen a 12-month low of $14.76 and a high of $17.18. The 50-day moving average is currently $15.98, while the 200-day moving average stands at $16.22.

Dividend Announcement

Additionally, BlackRock Capital Allocation Term Trust recently announced a monthly dividend that was paid on December 23rd. Shareholders on record as of December 16th received a dividend of $0.2892 per share, representing an annualized dividend of $3.47 and a yield of 22.91%. This is an increase from the previous monthly dividend of $0.10, with the ex-dividend date also set for December 16th.

About BlackRock Capital Allocation Term Trust

BlackRock Capital Allocation Term Trust is a company that has been actively involved in investment activities.

BlackRock, Investment, Stock