BlackRock Income Trust, Inc. (NYSE:BKT) Short Interest Up 9.3% in November

BlackRock Income Trust, Inc. (NYSE:BKT) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 47,000 shares, a growth of 9.3% from the October 31st total of 43,000 shares. Based on an average daily trading volume, of 61,600 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. DT Investment Partners LLC purchased a new position in BlackRock Income Trust during the 2nd quarter worth $103,000. Canal Capital Management LLC purchased a new stake in shares of BlackRock Income Trust during the second quarter worth about $231,000. Choreo LLC purchased a new stake in shares of BlackRock Income Trust during the second quarter worth about $233,000. WMG Financial Advisors LLC grew its holdings in BlackRock Income Trust by 66.5% in the second quarter. WMG Financial Advisors LLC now owns 24,495 shares of the company’s stock valued at $292,000 after purchasing an additional 9,779 shares during the period. Finally, Arkadios Wealth Advisors grew its holdings in BlackRock Income Trust by 4.2% in the third quarter. Arkadios Wealth Advisors now owns 43,779 shares of the company’s stock valued at $544,000 after purchasing an additional 1,780 shares during the period. 39.43% of the stock is owned by hedge funds and other institutional investors.

BlackRock Income Trust Trading Up 0.4 %

Shares of NYSE BKT traded up $0.05 during mid-day trading on Wednesday, reaching $12.03. The company had a trading volume of 46,609 shares, compared to its average volume of 61,638. BlackRock Income Trust has a 52-week low of $11.06 and a 52-week high of $12.67. The firm has a 50 day simple moving average of $12.06 and a two-hundred day simple moving average of $12.07.

BlackRock Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.0882 per share. This represents a $1.06 annualized dividend and a yield of 8.80%. The ex-dividend date was Friday, November 15th.

BlackRock Income Trust Company Profile

BlackRock Income Trust, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors. It invests in securities such as U.S.