BlackRock Multi-Sector Income Trust (NYSE:BIT) Stock Short Interest Falls 64.6%

BlackRock Multi-Sector Income Trust (NYSE:BIT) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 90,158 shares, a decrease of 64.6% from the September 15th total of 254,922 shares. Based on an average daily volume of 560,297 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of BlackRock Multi-Sector Income Trust

Hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC acquired a new position in shares of BlackRock Multi-Sector Income Trust during the 2nd quarter worth approximately $29,000. CoreCap Advisors LLC raised its stake in BlackRock Multi-Sector Income Trust by 76.9% in the 2nd quarter. CoreCap Advisors LLC now owns 6,900 shares of the investment management company’s stock valued at $86,000 after acquiring an additional 3,000 shares during the period. Western Wealth Management LLC bought a new stake in BlackRock Multi-Sector Income Trust in the 1st quarter valued at $110,000. Northwestern Mutual Wealth Management Co. bought a new stake in BlackRock Multi-Sector Income Trust in the 2nd quarter valued at $125,000. Finally, Fifth Third Bancorp raised its stake in BlackRock Multi-Sector Income Trust by 583.1% in the 1st quarter. Fifth Third Bancorp now owns 10,349 shares of the investment management company’s stock valued at $130,000 after acquiring an additional 8,834 shares during the period.

BlackRock Multi-Sector Income Trust Trading Down 0.9%

BlackRock Multi-Sector Income Trust stock traded down $0.10 during midday trading on Wednesday, reaching $11.14. 476,024 shares of the company’s stock were exchanged, compared to its average volume of 319,479. BlackRock Multi-Sector Income Trust has a 52 week low of $11.03 and a 52 week high of $13.44. The stock’s 50-day simple moving average is $11.70 and its 200 day simple moving average is $12.22.

BlackRock Multi-Sector Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be paid a $0.1237 dividend. The ex-dividend date is Friday, December 11th. This represents a $1.48 annualized dividend and a yield of 13.3%.

About BlackRock Multi-Sector Income Trust

BlackRock Multi-Sector Income Trust (NYSE:BIT) is a closed-end management investment company advised by BlackRock Advisors, LLC. The Trust seeks to provide a high level of current income, with capital appreciation as a secondary objective.

The Trust invests in a diversified, actively managed portfolio of fixed-income securities and other income-producing assets. Its investments may include corporate bonds, government and agency securities, mortgage-backed and asset-backed securities, bank loans, emerging-market debt, and other credit-related instruments.