BlackRock ESG Capital Allocation Term Trust ( NYSE : ECAT ) Short Interest Update
In September, BlackRock ESG Capital Allocation Term Trust (NYSE:ECAT) experienced a significant increase in short interest, with a total of 191,100 shares by September 15th, marking a 78.3% rise from August 31st s 107,200 shares. The short-interest ratio stood at 0.7 days based on an average trading volume of 285,200 shares. During the month, ECAT s stock price rose by $0.20 to $17.60, with a trading volume of 167,757 shares, slightly below its average volume of 264,259. The stock s 50-day moving average is $17.27, and the 200-day moving average is $17.18. ECAT s one-year low and high are $14.02 and $18.14, respectively. The company announced a monthly dividend of $0.3016 per share, payable on October 31st, with an annualized dividend of $3.62 and a yield of 20.56%. Institutional investors and hedge funds have shown interest in ECAT, with Whittier Trust Co., Quadrature Capital Ltd., PFG Investments LLC, and Comerica Bank increasing their stakes in the company. PFG Investments LLC, for instance, increased its holdings by 17.4% in the second quarter, owning 18,200 shares valued at $319,000. Comerica Bank also raised its position by 4.7% during the first quarter, owning 19,896 shares worth $345,000. Virtu Financial LLC acquired a new stake in the company worth $372,000 in the fourth quarter. BlackRock ESG Capital Allocation Trust aims to provide total return and income through a combination of current income, current gains, and long-term capital appreciation by investing in a portfolio of equity and debt
Source: etfdailynews.comPublished on 2024-09-29
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