BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) Sees Large Decrease in Short Interest

BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 132,501 shares, a decline of 52.2% from the May 14th total of 277,370 shares. Based on an average daily trading volume, of 459,974 shares, the short-interest ratio is presently 0.3 days.

BlackRock ESG Capital Allocation Term Trust Trading Up 2.1%

Shares of ECAT stock traded up $0.32 during trading on Friday, hitting $15.51. The company had a trading volume of 661,703 shares, compared to its average volume of 541,029. The stock’s 50-day moving average price is $15.02 and its 200 day moving average price is $15.15. BlackRock ESG Capital Allocation Term Trust has a one year low of $13.36 and a one year high of $17.14.

BlackRock ESG Capital Allocation Term Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.2688 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 20.8%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in shares of 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. Royal Bank of Canada grew its holdings in BlackRock ESG Capital Allocation Term Trust by 0.8% during the 1st quarter. Royal Bank of Canada now owns 1,223,160 shares of the company’s stock worth $16,611,000 after acquiring an additional 9,985 shares during the period. Cetera Investment Advisers grew 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 acquiring an additional 7,100 shares during the period. Aviance Capital Partners LLC bought a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the 1st quarter valued at $553,000. Finally, Gryphon Financial Partners LLC acquired a new stake in shares of BlackRock ESG Capital Allocation Term Trust in the 1st quarter valued at about $153,000.

BlackRock ESG Capital Allocation Term Trust Company Profile

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.