BlackRock Credit Allocation Income Trust (NYSE:BTZ) Short Interest Up 219.2% in July

BlackRock Credit Allocation Income Trust (NYSE:BTZ) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 130,766 shares, an increase of 219.2% from the June 30th total of 40,961 shares. Based on an average daily volume of 228,661 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of BlackRock Credit Allocation Income Trust

Hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp acquired a new position in shares of BlackRock Credit Allocation Income Trust in the first quarter valued at approximately $34,000. Comerica Bank lifted its holdings in shares of BlackRock Credit Allocation Income Trust by 136.5% during the third quarter. Comerica Bank now owns 4,063 shares of the investment management company’s stock worth $45,000 after purchasing an additional 2,345 shares during the period. Advisory Services Network LLC acquired a new stake in shares of BlackRock Credit Allocation Income Trust during the third quarter worth $103,000. Equitable Holdings Inc. purchased a new position in BlackRock Credit Allocation Income Trust in the 3rd quarter valued at $113,000. Finally, Stratos Wealth Partners LTD. acquired a new position in BlackRock Credit Allocation Income Trust in the 4th quarter valued at $114,000.

BlackRock Credit Allocation Income Trust Price Performance

Shares of NYSE:BTZ traded up $0.04 on Monday, reaching $9.97. The company’s stock had a trading volume of 154,472 shares, compared to its average volume of 302,612. BlackRock Credit Allocation Income Trust has a 52-week low of $9.70 and a 52-week high of $11.18. The stock’s 50-day moving average is $10.14 and its two-hundred day moving average is $10.32.

BlackRock Credit Allocation Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.0839 dividend. This represents a c) annualized dividend and a yield of 10.1%. The ex-dividend date is Tuesday, September 15th.

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.