BlackRock Credit Allocation Income Trust (NYSE:BTZ) Short Interest Up 86.7% in May


BlackRock Credit Allocation Income Trust (NYSE: BTZ – Get Rating) benefited from a sharp increase in short-term interest in May. As of May 15, there were short interests totaling 60,300 shares, an increase of 86.7% from the total of 32,300 shares as of April 30. Based on an average trading volume of 316,800 shares, the short-term interest rate ratio is currently 0.2 days.

BlackRock Credit Allocation Income Trust stock opened at $11.67 on Friday. The company has a 50-day moving average price of $11.79 and a two-hundred-day moving average price of $13.25. BlackRock Credit Allocation Income Trust has a 12 month minimum of $10.96 and a 12 month maximum of $15.95.

The company also recently declared a monthly dividend, which will be paid on Tuesday, May 31. Shareholders of record on Monday, May 16 will receive a dividend of $0.084. The ex-dividend date is Friday, May 13. This represents an annualized dividend of $1.01 and a yield of 8.64%.

Several institutional investors and hedge funds have recently changed their holdings in the company. Bank of America Corp DE increased its holdings of BlackRock Credit Allocation Income Trust shares by 0.3% in the fourth quarter. Bank of America Corp DE now owns 4,689,575 shares of the investment management company worth $70,578,000 after buying 15,107 more shares last quarter. Parametric Portfolio Associates LLC increased its holdings of BlackRock Credit Allocation Income Trust shares by 1.4% in the fourth quarter. Parametric Portfolio Associates LLC now owns 4,514,321 shares of the investment management company worth $67,941,000 after purchasing an additional 64,273 shares last quarter. Guggenheim Capital LLC increased its holdings of BlackRock Credit Allocation Income Trust shares by 49.5% in Q1. Guggenheim Capital LLC now owns 1,909,645 shares of the investment management company worth $23,986,000 after purchasing an additional 632,200 shares last quarter. Invesco Ltd. increased its holdings of BlackRock Credit Allocation Income Trust shares by 3.0% in the fourth quarter. Invesco Ltd. now owns 1,274,472 shares of the investment management firm worth $19,181,000 after buying 37,165 additional shares last quarter. Finally, Morgan Stanley increased its equity stake in BlackRock Credit Allocation Income Trust by 3.2% in the third quarter. Morgan Stanley now owns 1,025,676 shares of the investment management company worth $15,539,000 after buying 31,470 more shares last quarter.

About BlackRock Credit Allocation Income Trust (Get a rating)

BlackRock Credit Allocation Income Trust is a closed-end balanced mutual fund launched by BlackRock, Inc. The fund is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. It invests in bond markets around the world. For the fixed income portion of the portfolio, the fund invests primarily in securities with an average credit rating of BBB by Standard & Poor’s Corporation.

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