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

BlackRock Credit Allocation Income Trust (NYSE:BTZ) saw a large growth in short interest in 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 volume of 257,000 shares, the short-interest ratio is presently 0.3 days.

BlackRock Credit Allocation Income Trust Stock Up 0.1 %

BTZ opened at $10.98 on Friday. The firm’s 50-day simple moving average is $10.98 and its 200-day simple moving average is $10.84. BlackRock Credit Allocation Income Trust has a twelve month low of $9.92 and a twelve month high of $11.30.

BlackRock Credit Allocation Income Trust Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.0839 per share. This represents a $1.01 annualized dividend and a yield of 9.17%. This is a boost from BlackRock Credit Allocation Income Trust’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Friday, November 15th.

Institutional Trading of BlackRock Credit Allocation Income Trust

Several hedge funds have recently modified their holdings of the company. Pin Oak Investment Advisors Inc. grew its holdings in BlackRock Credit Allocation Income Trust by 25.7% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 59,583 shares of the investment management company’s stock worth $672,000 after acquiring an additional 12,165 shares during the last quarter. Private Trust Co. NA grew its stake in shares of BlackRock Credit Allocation Income Trust by 10,004.8% during the third quarter. Private Trust Co. NA now owns 75,180 shares of the investment management company’s stock valued at $848,000 after purchasing an additional 74,436 shares during the last quarter. Horizon Kinetics Asset Management LLC increased its holdings in shares of BlackRock Credit Allocation Income Trust by 25.6% in the third quarter. Horizon Kinetics Asset Management LLC now owns 51,023 shares of the investment management company’s stock valued at $576,000 after purchasing an additional 10,389 shares in the last quarter. Advisors Asset Management Inc. boosted its position in BlackRock Credit Allocation Income Trust by 0.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 382,831 shares of the investment management company’s stock valued at $4,318,000 after buying an additional 3,160 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of BlackRock Credit Allocation Income Trust by 1.3% during the third quarter. Thrivent Financial for Lutherans now owns 259,111 shares of the investment management company’s stock worth $2,922,000 after acquiring an additional 3,353 shares during the last quarter.

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.