Significant Rise in Short Interest for BlackRock Capital Allocation Term Trust (NYSE:BCAT)

BlackRock Capital Allocation Term Trust (NYSE:BCAT) experienced a notable rise in short interest during December. By December 15th, the total short interest reached 128,600 shares, marking an increase of 13.4% compared to the previous month's total of 113,400 shares as of November 30th. Given the average daily trading volume of 402,500 shares, the current short-interest ratio stands at 0.3 days.

Insider Activity

In related news, significant insider actions were reported for BlackRock Capital Allocation Term Trust. Major shareholder Saba Capital Management, L.P. sold 52,067 shares of the firm on October 4th, with the shares priced at an average of $16.47. This sale amounted to $857,543.49. Post-transaction, Saba Capital Management now retains 15,669,481 shares in the company, with a total value of approximately $258,076,352.07, indicating a decrease of 0.33% in their holdings. The transaction details were disclosed in a filing with the Securities and Exchange Commission. Over the last 90 days, insiders have sold a total of 530,336 shares, valued at $8,738,508.

Institutional Inflows and Outflows

Several institutional investors have made moves concerning their shares in BlackRock Capital Allocation Term Trust. In the third quarter, Penserra Capital Management LLC entered a new investment of $15,901,000 in the trust. Additionally, in the second quarter, Sanctuary Advisors LLC acquired approximately $2,967,000 in shares, while Cambridge Investment Research Advisors Inc. raised its holding by 4.3%, now owning 133,238 shares valued at $2,186,000 after purchasing an extra 5,438 shares. Blue Bell Private Wealth Management LLC also increased its stake by 4.0% in the same timeframe, owning a total of 104,722 shares worth $1,718,000 after adding 4,059 additional shares. Lastly, Mathes Company Inc. expanded its position by 6.0% in the third quarter, holding 96,500 shares valued at $1,587,000 after buying an additional 5,500 shares. Overall, hedge funds and other institutional investors control about 36.12% of BlackRock Capital Allocation Term Trust's stock.

BlackRock Capital Allocation Term Trust Trading Performance

In trading activity, shares of NYSE BCAT saw an increase of 0.3%, rising by $0.05 to reach $15.15. The trading volume recorded on Wednesday was 676,663 shares, exceeding the average volume of 370,566 shares. The trust's stock has fluctuated within a range, recording a 12-month low of $14.76 and a peak of $17.18. Currently, the 50-day moving average stands at $15.98, while the 200-day moving average is at $16.22.

Dividend Increase Announcement

Recently, BlackRock Capital Allocation Term Trust announced an increase in its monthly dividend. The latest dividend was distributed on December 23rd, with record shareholders as of December 16th receiving $0.2892 per share. This new dividend rate translates to an annualized figure of $3.47, reflecting a yield of 22.91%. This increase comes as a positive shift from the prior monthly dividend of $0.10. The ex-dividend date was also set for December 16th.

About BlackRock Capital Allocation Term Trust

BlackRock Capital Allocation Term Trust offers investors the opportunity to gain exposure in diverse markets with a focus on capital allocation strategies.

investment, stocks, dividend