BlackRock Credit Allocation Income Trust (NYSE:BTZ) Short Interest Update

BlackRock Credit Allocation Income Trust (NYSE:BTZ) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 77,224 shares, an increase of 80.6% from the December 15th total of 42,769 shares. Based on an average trading volume of 277,294 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 277,294 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On BlackRock Credit Allocation Income Trust

A number of hedge funds have recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. bought a new stake in shares of BlackRock Credit Allocation Income Trust during the 2nd quarter worth about $112,000. Guggenheim Capital LLC lifted its holdings in 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 worth $19,000,000 after purchasing an additional 110,656 shares during the last quarter. Riverbridge Partners LLC lifted its holdings in BlackRock Credit Allocation Income Trust by 3.5% in the 2nd quarter. Riverbridge Partners LLC now owns 65,486 shares of the investment management company’s stock worth $715,000 after purchasing an additional 2,218 shares during the last quarter. Cetera Investment Advisers boosted its position in BlackRock Credit Allocation Income Trust by 83.6% during the second quarter. Cetera Investment Advisers now owns 163,129 shares of the investment management company’s stock worth $1,781,000 after purchasing an additional 74,266 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in BlackRock Credit Allocation Income Trust during the second quarter valued at approximately $76,000.

BlackRock Credit Allocation Income Trust Price Performance

Shares of NYSE:BTZ traded down $0.03 during midday trading on Thursday, hitting $10.72. 476,558 shares of the stock were exchanged, compared to its average volume of 301,465. BlackRock Credit Allocation Income Trust has a 52-week low of $9.54 and a 52-week high of $11.18. The business’s fifty day simple moving average is $10.85 and its two-hundred day simple moving average is $10.96.

BlackRock Credit Allocation Income Trust Dividend Announcement

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

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.