Oil prices rebound sharply on smaller-than-feared OPEC+ output hike
In recent transactions, Saba Capital Management, L.P. and Boaz Weinstein, both significant stakeholders in BlackRock (NYSE:BLK) Capital Allocation Term Trust (NYSE:BCAT), sold shares amounting to a total of $935,734. The sales occurred over two days, with 35,272 shares sold on February 3 at a price of $15.46 per share, and an additional 25,108 shares sold on February 4 at $15.55 per share. Following these transactions, the total shares owned by the parties were reduced to 13,341,862. The $1.67B market cap fund currently trades at $15.54, near its 52-week low of $15.00, while offering an attractive dividend yield of 22.31%. InvestingPro data reveals the stock typically trades with low price volatility, with additional insights available to subscribers.
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