BlackRock Credit Allocation Income Trust (NYSE:BTZ) Short Interest Down 89.6% in January

BlackRock Credit Allocation Income Trust (NYSE:BTZ) saw a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 5,944 shares, a decline of 89.6% from the January 15th total of 57,110 shares. Based on an average daily volume of 358,280 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 358,280 shares, the days-to-cover ratio is presently 0.0 days.

BlackRock Credit Allocation Income Trust Stock Down 0.1%

Shares of BlackRock Credit Allocation Income Trust stock traded down $0.01 on Thursday, hitting $10.77. 203,530 shares of the company’s stock traded hands, compared to its average volume of 309,477. The company has a fifty day moving average of $10.74 and a two-hundred day moving average of $10.92. BlackRock Credit Allocation Income Trust has a one year low of $9.54 and a one year high of $11.18.

BlackRock Credit Allocation Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.0839 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 9.4%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sit Investment Associates Inc. increased its stake in BlackRock Credit Allocation Income Trust by 8.3% in the fourth quarter. Sit Investment Associates Inc. now owns 6,430,309 shares of the investment management company’s stock valued at $69,640,000 after purchasing an additional 492,132 shares in the last quarter. Bank of America Corp DE grew its stake in shares of BlackRock Credit Allocation Income Trust by 7.3% in the 3rd quarter. Bank of America Corp DE now owns 4,904,167 shares of the investment management company’s stock valued at $54,191,000 after buying an additional 332,714 shares during the period. Guggenheim Capital LLC grew its stake in shares of BlackRock Credit Allocation Income Trust by 6.8% in the 2nd quarter. Guggenheim Capital LLC now owns 1,739,889 shares of the investment management company’s stock valued at $19,000,000 after buying an additional 110,656 shares during the period. Raymond James Financial Inc. increased its position in BlackRock Credit Allocation Income Trust by 2.5% in the 3rd quarter. Raymond James Financial Inc. now owns 1,520,686 shares of the investment management company’s stock valued at $16,804,000 after buying an additional 36,757 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in BlackRock Credit Allocation Income Trust by 1,891.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,513,798 shares of the investment management company’s stock worth $16,394,000 after buying an additional 1,437,794 shares during the period.

BlackRock Credit Allocation Income Trust Company Profile

BlackRock Credit Allocation Income Trust (NYSE: BTZ) is a closed-end management investment company sponsored by BlackRock Fund Advisors. The trust seeks to provide investors with a high level of current income, as well as the potential for capital appreciation, through an actively managed portfolio of credit and income-producing securities. BTZ primarily focuses on instruments that offer attractive yields while aiming to preserve capital over the long term.

The portfolio is diversified across a broad spectrum of credit sectors, including investment-grade corporate debt, high-yield bonds, leveraged bank loans, residential and commercial mortgage-backed securities, and asset-backed securities.