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

by · The Markets Daily

BlackRock Credit Allocation Income Trust (NYSE:BTZ – Get Free Report) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 77,224 shares, a growth of 80.6% from the December 15th total of 42,769 shares. Based on an average daily trading volume, of 277,294 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 277,294 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BTZ. Bank of America Corp DE boosted its holdings in shares of BlackRock Credit Allocation Income Trust by 7.3% in the 3rd quarter. Bank of America Corp DE now owns 4,904,167 shares of the investment management company’s stock valued at $54,191,000 after purchasing an additional 332,714 shares in the last quarter. Guggenheim Capital LLC boosted its stake in BlackRock Credit Allocation Income Trust by 6.8% in the second quarter. Guggenheim Capital LLC now owns 1,739,889 shares of the investment management company’s stock valued at $19,000,000 after buying an additional 110,656 shares in the last quarter. Raymond James Financial Inc. boosted its stake in BlackRock Credit Allocation Income Trust by 2.5% in the third quarter. Raymond James Financial Inc. now owns 1,520,686 shares of the investment management company’s stock valued at $16,804,000 after buying an additional 36,757 shares in the last quarter. Invesco Ltd. grew its position in BlackRock Credit Allocation Income Trust by 0.4% in the third quarter. Invesco Ltd. now owns 1,265,630 shares of the investment management company’s stock valued at $13,985,000 after acquiring an additional 5,145 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in BlackRock Credit Allocation Income Trust by 1.4% during the first quarter. Royal Bank of Canada now owns 889,121 shares of the investment management company’s stock worth $9,531,000 after acquiring an additional 12,607 shares in the last quarter.

BlackRock Credit Allocation Income Trust Trading Down 0.4%

BTZ traded down $0.04 during mid-day trading on Friday, hitting $10.66. The stock had a trading volume of 1,137,254 shares, compared to its average volume of 377,441. BlackRock Credit Allocation Income Trust has a 1-year low of $9.54 and a 1-year high of $11.18. The stock’s fifty day simple moving average is $10.83 and its 200-day simple moving average is $10.95.

BlackRock Credit Allocation Income Trust Announces Dividend

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

About BlackRock Credit Allocation Income Trust

(Get Free Report)

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.

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