Short Interest in BlackRock Credit Allocation Income Trust (NYSE:BTZ) Rises By 138.2%

BlackRock Credit Allocation Income Trust (NYSE:BTZ) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 85,500 shares, a growth of 138.2% from the October 31st total of 35,900 shares. Based on an average daily trading volume, of 257,000 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds 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 stock. Atticus Wealth Management LLC grew its stake in BlackRock Credit Allocation Income Trust by 196.4% in the 2nd quarter. Atticus Wealth Management LLC now owns 2,964 shares of the investment management company’s stock valued at $32,000 after acquiring an additional 1,964 shares during the last quarter. Eastern Bank acquired a new stake in BlackRock Credit Allocation Income Trust in the 3rd quarter valued at about $64,000. Lazard Asset Management LLC acquired a new stake in BlackRock Credit Allocation Income Trust in the 1st quarter valued at about $128,000. Cetera Advisors LLC acquired a new stake in BlackRock Credit Allocation Income Trust in the 1st quarter valued at about $146,000. Finally, Creekside Partners acquired a new stake in BlackRock Credit Allocation Income Trust in the 2nd quarter valued at about $156,000.

BlackRock Credit Allocation Income Trust Stock Performance

BTZ traded up $0.07 during trading on Thursday, hitting $10.97. The stock had a trading volume of 237,965 shares, compared to its average volume of 255,754. BlackRock Credit Allocation Income Trust has a twelve month low of $9.92 and a twelve month high of $11.30. The company’s 50-day moving average price is $10.98 and its 200 day moving average price is $10.84.

BlackRock Credit Allocation Income Trust Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.0839 per share. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. This represents a $1.01 dividend on an annualized basis and a dividend yield of 9.18%.

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.