BlackRock New York Municipal Income Trust (NYSE:BNY) Short Interest Up 8.6% in January

BlackRock New York Municipal Income Trust (NYSE:BNY) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 31,700 shares, a growth of 8.6% from the January 15th total of 29,200 shares. Based on an average trading volume of 67,500 shares, the days-to-cover ratio is presently 0.5 days.

BlackRock New York Municipal Income Trust Trading Down 0.0 %

Shares of NYSE BNY opened at $10.40 on Tuesday. BlackRock New York Municipal Income Trust has a 12 month low of $10.05 and a 12 month high of $11.10. The stock has a 50 day moving average of $10.37 and a 200-day moving average of $10.64.

BlackRock New York Municipal Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $0.051 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.61 annualized dividend and a yield of 5.89%.

Institutional Trading of BlackRock New York Municipal Income Trust

Several institutional investors have recently added to or reduced their stakes in BNY. Baird Financial Group Inc. lifted its position in shares of BlackRock New York Municipal Income Trust by 7.6% during the 4th quarter. Baird Financial Group Inc. now owns 71,943 shares of the financial services provider’s stock valued at $733,000 after acquiring an additional 5,090 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of BlackRock New York Municipal Income Trust by 16.4% during the 4th quarter. Ameriprise Financial Inc. now owns 51,287 shares of the financial services provider’s stock worth $523,000 after buying an additional 7,214 shares in the last quarter. Almitas Capital LLC raised its holdings in shares of BlackRock New York Municipal Income Trust by 27.7% during the 4th quarter. Almitas Capital LLC now owns 28,553 shares of the financial services provider’s stock worth $291,000 after buying an additional 6,200 shares in the last quarter. Whitebox Advisors LLC raised its holdings in shares of BlackRock New York Municipal Income Trust by 88.4% during the 4th quarter. Whitebox Advisors LLC now owns 155,471 shares of the financial services provider’s stock worth $1,584,000 after buying an additional 72,954 shares in the last quarter. Finally, Guggenheim Capital LLC increased its holdings in BlackRock New York Municipal Income Trust by 2.1% in the 4th quarter. Guggenheim Capital LLC now owns 353,802 shares of the financial services provider’s stock worth $3,605,000 after purchasing an additional 7,162 shares in the last quarter.

About BlackRock New York Municipal Income Trust

BlackRock New York Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in the investment grade municipal bonds exempt from federal income taxes and New York State and New York City personal income taxes.