Short Interest in BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) Grows By 602.8%

BlackRock Enhanced Capital and Income Fund, Inc. (NYSE:CII) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 25,300 shares, an increase of 602.8% from the August 15th total of 3,600 shares. Based on an average daily volume of 101,900 shares, the short-interest ratio is presently 0.2 days.

BlackRock Enhanced Capital and Income Fund Stock Performance

CII stock opened at $19.22 on Friday. BlackRock Enhanced Capital and Income Fund has a 1-year low of $16.76 and a 1-year high of $20.40. The business has a fifty day moving average price of $19.34 and a 200-day moving average price of $19.33.

BlackRock Enhanced Capital and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.0995 per share. This represents a $1.19 annualized dividend and a yield of 6.21%. The ex-dividend date is Monday, September 16th.

Institutional Investors Weigh In On BlackRock Enhanced Capital and Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in CII. Vermillion & White Wealth Management Group LLC purchased a new position in BlackRock Enhanced Capital and Income Fund in the fourth quarter worth about $26,000. Mather Group LLC. bought a new stake in BlackRock Enhanced Capital and Income Fund during the second quarter valued at approximately $47,000. TPG Advisors LLC purchased a new stake in BlackRock Enhanced Capital and Income Fund during the second quarter valued at approximately $211,000. Calamos Advisors LLC bought a new position in BlackRock Enhanced Capital and Income Fund in the second quarter worth approximately $237,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of BlackRock Enhanced Capital and Income Fund during the 2nd quarter worth $222,000.

BlackRock Enhanced Capital and Income Fund Company Profile

BlackRock Enhanced Capital and Income Fund, Inc is a closed ended equity mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in public equity markets across the globe. The fund seeks to invest in securities of companies operating across diversified sectors.