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BlackRock ESG Capital Allocation Trust (NYSE:ECAT) Sees Significant Growth in Short Interest

kopsource · Dec 30, 2022 20:11

BlackRock ESG Capital Allocation Trust (NYSE:ECAT – Get Rating) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 9,400 shares, an increase of 261.5% from the November 30th total of 2,600 shares. Based on an average daily trading volume, of 512,900 shares, the short-interest ratio is currently 0.0 days.

Insider Activity

In other news, Portfolio Manager Richard M. Rieder bought 14,850 shares of BlackRock ESG Capital Allocation Trust stock in a transaction dated Wednesday, December 28th. The stock was acquired at an average cost of $13.40 per share, with a total value of $198,990.00. Following the acquisition, the portfolio manager now owns 34,850 shares of the company's stock, valued at $466,990. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

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Institutional Trading of BlackRock ESG Capital Allocation Trust

Institutional investors have recently bought and sold shares of the company. Saba Capital Management L.P. grew its position in shares of BlackRock ESG Capital Allocation Trust by 282.6% in the third quarter. Saba Capital Management L.P. now owns 3,502,627 shares of the company's stock valued at $44,869,000 after purchasing an additional 2,587,130 shares during the last quarter. Cohen & Steers Inc. lifted its position in shares of BlackRock ESG Capital Allocation Trust by 46.4% in the third quarter. Cohen & Steers Inc. now owns 340,290 shares of the company's stock valued at $4,359,000 after acquiring an additional 107,897 shares in the last quarter. 1607 Capital Partners LLC increased its position in BlackRock ESG Capital Allocation Trust by 5.9% during the 3rd quarter. 1607 Capital Partners LLC now owns 283,912 shares of the company's stock worth $3,637,000 after purchasing an additional 15,801 shares in the last quarter. Royal Bank of Canada raised its stake in BlackRock ESG Capital Allocation Trust by 31.4% in the 3rd quarter. Royal Bank of Canada now owns 417,564 shares of the company's stock valued at $5,349,000 after purchasing an additional 99,793 shares during the last quarter. Finally, Almitas Capital LLC lifted its holdings in BlackRock ESG Capital Allocation Trust by 22.9% in the 3rd quarter. Almitas Capital LLC now owns 403,260 shares of the company's stock valued at $5,166,000 after purchasing an additional 75,175 shares in the last quarter.

BlackRock ESG Capital Allocation Trust Trading Down 0.3 %

Shares of ECAT stock traded down $0.04 during trading hours on Friday, reaching $13.43. 784,960 shares of the company's stock were exchanged, compared to its average volume of 360,812. The business's 50 day simple moving average is $13.80. BlackRock ESG Capital Allocation Trust has a 1 year low of $12.74 and a 1 year high of $19.07.

BlackRock ESG Capital Allocation Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 16th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, December 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.94%.

BlackRock ESG Capital Allocation Trust Company Profile

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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.