Blackrock Income Trust (NYSE:BKT) Short Interest Update

Blackrock Income Trust (NYSE:BKT) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 55,985 shares, a decline of 35.8% from the May 31st total of 87,194 shares. Based on an average daily volume of 106,324 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Trading of Blackrock Income Trust

Hedge funds have recently bought and sold shares of the company. Invesco Ltd. grew its stake in Blackrock Income Trust by 18.2% in the 2nd quarter. Invesco Ltd. now owns 256,017 shares of the company’s stock worth $3,008,000 after acquiring an additional 39,410 shares during the period. Raymond James Financial Inc. lifted its stake in shares of Blackrock Income Trust by 6.7% during the 2nd quarter. Raymond James Financial Inc. now owns 1,235,387 shares of the company’s stock worth $14,516,000 after purchasing an additional 77,724 shares during the period. Comerica Bank boosted its holdings 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 worth $118,000 after purchasing an additional 3,166 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Blackrock Income Trust during the third quarter worth $2,957,000. Finally, Noble Wealth Management PBC grew its position in shares of Blackrock Income Trust by 4,325.0% in the fourth quarter. Noble Wealth Management PBC now owns 44,250 shares of the company’s stock valued at $489,000 after purchasing an additional 43,250 shares during the period. Institutional investors and hedge funds own 39.43% of the company’s stock.

Blackrock Income Trust Price Performance

Shares of Blackrock Income Trust stock traded up $0.02 during mid-day trading on Thursday, hitting $10.66. 12,519 shares of the stock were exchanged, compared to its average volume of 114,063. Blackrock Income Trust has a twelve month low of $10.21 and a twelve month high of $11.86. The company has a 50-day simple moving average of $10.53 and a 200 day simple moving average of $10.81.

Blackrock Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.0882 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.