BlackRock Credit Allocation Income Trust (NYSE:BTZ) Short Interest Down 31.0% in February

BlackRock Credit Allocation Income Trust (NYSE:BTZ) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 73,400 shares, a drop of 31.0% from the February 13th total of 106,300 shares. Based on an average daily trading volume, of 273,900 shares, the short-interest ratio is presently 0.3 days.

BlackRock Credit Allocation Income Trust Trading Down 0.0 %

Shares of BTZ stock opened at $10.56 on Tuesday. BlackRock Credit Allocation Income Trust has a 52-week low of $9.92 and a 52-week high of $11.30. The business’s fifty day moving average is $10.71 and its 200 day moving average is $10.84.

BlackRock Credit Allocation Income Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.0839 dividend. This represents a $1.01 dividend on an annualized basis and a dividend yield of 9.54%. The ex-dividend date is Friday, March 14th. This is an increase from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07.

Institutional Investors Weigh In On BlackRock Credit Allocation Income Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Kentucky Trust Co purchased a new stake in BlackRock Credit Allocation Income Trust during the fourth quarter valued at about $28,000. Oarsman Capital Inc. raised its position in BlackRock Credit Allocation Income Trust by 460.8% during the fourth quarter. Oarsman Capital Inc. now owns 6,085 shares of the investment management company’s stock valued at $64,000 after purchasing an additional 5,000 shares in the last quarter. Huntington National Bank raised its position in BlackRock Credit Allocation Income Trust by 458,000.0% during the fourth quarter. Huntington National Bank now owns 9,162 shares of the investment management company’s stock valued at $96,000 after purchasing an additional 9,160 shares in the last quarter. Argentarii LLC purchased a new stake in BlackRock Credit Allocation Income Trust during the fourth quarter valued at about $108,000. Finally, Noble Wealth Management PBC purchased a new stake in BlackRock Credit Allocation Income Trust during the fourth quarter valued at about $110,000.

About BlackRock Credit Allocation Income Trust

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