Blackrock Income Trust (NYSE:BKT) Short Interest Update

Blackrock Income Trust (NYSE:BKT) was the target of a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 50,418 shares, a decline of 51.7% from the January 29th total of 104,423 shares. Based on an average trading volume of 121,734 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 121,734 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Uhlmann Price Securities LLC bought a new stake in shares of Blackrock Income Trust during the 4th quarter worth about $113,000. Comerica Bank increased its position in Blackrock Income Trust by 43.0% during the third quarter. Comerica Bank now owns 10,533 shares of the company’s stock worth $118,000 after acquiring an additional 3,166 shares during the period. Commonwealth Equity Services LLC bought a new position in shares of Blackrock Income Trust during the 4th quarter worth about $134,000. Readystate Asset Management LP acquired a new stake in Blackrock Income Trust during the fourth quarter worth about $173,000. Finally, M Holdings Securities Inc. bought a new position in Blackrock Income Trust during the second quarter valued at about $213,000. Institutional investors own 39.43% of the company’s stock.

Blackrock Income Trust Trading Down 0.2%

Shares of BKT stock traded down $0.03 during trading hours on Friday, hitting $11.14. 80,761 shares of the company were exchanged, compared to its average volume of 103,047. Blackrock Income Trust has a 1 year low of $10.85 and a 1 year high of $12.11. The firm has a fifty day moving average of $11.09 and a 200 day moving average of $11.23.

Blackrock Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $0.0882 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a yield of 9.5%.

Blackrock Income Trust Company Profile

BlackRock Income Trust (NYSE: BKT) is a diversified, closed-end management investment company sponsored by BlackRock, Inc The fund seeks to provide current income through investments in a broad array of fixed-income securities. Its holdings typically include high-yield corporate bonds, investment-grade corporate debt, government and agency obligations and securitized products such as mortgage- and asset-backed securities.

The trust employs active portfolio management, aiming to capitalize on credit opportunities across global and domestic markets.