Blackrock Income Trust (NYSE:BKT) Short Interest Down 48.9% in April

Blackrock Income Trust (NYSE:BKT) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 75,815 shares, a decline of 48.9% from the April 15th total of 148,279 shares. Based on an average daily volume of 89,624 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.2% of the shares of the stock are sold short.

Blackrock Income Trust Stock Performance

Shares of NYSE BKT traded down $0.25 during midday trading on Friday, reaching $10.38. The stock had a trading volume of 204,220 shares, compared to its average volume of 99,738. Blackrock Income Trust has a 12-month low of $10.33 and a 12-month high of $11.86. The stock has a 50-day moving average of $10.70 and a 200-day moving average of $10.95.

Blackrock Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.0882 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 10.2%.

Institutional Trading of Blackrock Income Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in BKT. Sankala Group LLC purchased a new position in Blackrock Income Trust in the 4th quarter worth approximately $46,000. Uhlmann Price Securities LLC purchased a new stake in Blackrock Income Trust during the 4th quarter valued at approximately $113,000. Comerica Bank raised its position in shares of Blackrock Income Trust by 43.0% during the third quarter. Comerica Bank now owns 10,533 shares of the company’s stock valued at $118,000 after buying an additional 3,166 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Blackrock Income Trust during the first quarter valued at approximately $120,000. Finally, Commonwealth Equity Services LLC purchased a new position in shares of Blackrock Income Trust in the fourth quarter worth $134,000. Institutional investors own 39.43% of the company’s stock.

About Blackrock Income Trust

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.