BlackRock Multi-Sector Income Trust (NYSE:BIT) Short Interest Down 21.3% in February

BlackRock Multi-Sector Income Trust (NYSE:BIT) was the target of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 90,000 shares, a decrease of 21.3% from the February 13th total of 114,400 shares. Based on an average daily volume of 185,000 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On BlackRock Multi-Sector Income Trust

Several hedge funds have recently modified their holdings of BIT. Wealth Enhancement Advisory Services LLC purchased a new stake in BlackRock Multi-Sector Income Trust during the fourth quarter valued at $561,000. EP Wealth Advisors LLC purchased a new stake in BlackRock Multi-Sector Income Trust during the fourth quarter valued at $170,000. Ameriprise Financial Inc. raised its stake in BlackRock Multi-Sector Income Trust by 4.7% during the fourth quarter. Ameriprise Financial Inc. now owns 490,059 shares of the investment management company’s stock valued at $7,151,000 after purchasing an additional 21,972 shares in the last quarter. Jane Street Group LLC purchased a new stake in BlackRock Multi-Sector Income Trust during the fourth quarter valued at $358,000. Finally, First Trust Advisors LP raised its stake in BlackRock Multi-Sector Income Trust by 9.1% during the fourth quarter. First Trust Advisors LP now owns 58,242 shares of the investment management company’s stock valued at $850,000 after purchasing an additional 4,872 shares in the last quarter.

BlackRock Multi-Sector Income Trust Stock Performance

Shares of BIT traded down $0.10 during mid-day trading on Monday, reaching $14.45. The stock had a trading volume of 203,321 shares, compared to its average volume of 139,566. BlackRock Multi-Sector Income Trust has a 12 month low of $14.22 and a 12 month high of $15.98. The business has a fifty day moving average of $14.69 and a 200 day moving average of $14.77.

BlackRock Multi-Sector Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.1237 dividend. This represents a $1.48 annualized dividend and a dividend yield of 10.28%. The ex-dividend date is Friday, March 14th.

BlackRock Multi-Sector Income Trust Company Profile

BlackRock Multi-Sector Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. The fund invests in fixed income markets. It invests primarily in loan and debt instruments and other investments with similar economic characteristic.