BlackRock Credit Allocation Income Trust (NYSE:BTZ) Shares Shorted: Short Interest Down 64.9% in September

BlackRock Credit Allocation Income Trust (NYSE:BTZ) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 73,673 shares, a decline of 64.9% from the September 15th total of 210,163 shares. Based on an average daily volume of 509,678 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of BlackRock Credit Allocation Income Trust

Several institutional investors have recently made changes to their positions in BTZ. Farther Finance Advisors LLC boosted its stake in shares of BlackRock Credit Allocation Income Trust by 2,312.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 42,415 shares of the investment management company’s stock valued at $395,000 after purchasing an additional 40,657 shares in the last quarter. Rareview Capital LLC lifted its holdings in BlackRock Credit Allocation Income Trust by 14.2% during the 2nd quarter. Rareview Capital LLC now owns 420,186 shares of the investment management company’s stock valued at $4,588,000 after purchasing an additional 52,274 shares during the last quarter. Susquehanna International Group LLP boosted its position in BlackRock Credit Allocation Income Trust by 28.1% in the second quarter. Susquehanna International Group LLP now owns 67,473 shares of the investment management company’s stock valued at $690,000 after buying an additional 14,798 shares in the last quarter. IMC Chicago LLC acquired a new position in BlackRock Credit Allocation Income Trust in the second quarter valued at about $425,000. Finally, Beacon Pointe Advisors LLC bought a new stake in BlackRock Credit Allocation Income Trust during the second quarter worth about $124,000.

BlackRock Credit Allocation Income Trust Stock Performance

Shares of NYSE BTZ traded up $0.01 during trading hours on Monday, reaching $9.45. The stock had a trading volume of 121,351 shares, compared to its average volume of 318,076. The business’s fifty day moving average is $9.84 and its two-hundred day moving average is $10.05. BlackRock Credit Allocation Income Trust has a twelve month low of $9.25 and a twelve month high of $11.18.

BlackRock Credit Allocation Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be issued a dividend of $0.0839 per share. This represents a $1.01 dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date of this dividend is Friday, December 11th.

BlackRock Credit Allocation Income Trust Company Profile

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company that seeks to provide current income and, to a lesser extent, capital appreciation. The trust invests primarily in a portfolio of credit-related securities and other income-producing investments.

Its holdings may include corporate bonds, senior loans, investment-grade and below-investment-grade debt securities, mortgage- and asset-backed securities, and other fixed-income instruments. The portfolio can include securities issued by U.S.