BlackRock Multi-Sector Income Trust (NYSE:BIT) Short Interest Up 389.7% in March

BlackRock Multi-Sector Income Trust (NYSE:BITGet Rating) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 80,800 shares, a growth of 389.7% from the March 15th total of 16,500 shares. Based on an average daily volume of 132,900 shares, the short-interest ratio is presently 0.6 days.

A number of large investors have recently modified their holdings of the business. JPMorgan Chase & Co. bought a new position in shares of BlackRock Multi-Sector Income Trust in the 4th quarter worth approximately $163,000. Spire Wealth Management purchased a new position in shares of BlackRock Multi-Sector Income Trust in the fourth quarter worth $181,000. Cetera Investment Advisers boosted its position in shares of BlackRock Multi-Sector Income Trust by 8.2% during the third quarter. Cetera Investment Advisers now owns 10,854 shares of the investment management company’s stock worth $203,000 after acquiring an additional 824 shares during the last quarter. Transcend Wealth Collective LLC purchased a new position in BlackRock Multi-Sector Income Trust during the third quarter valued at $211,000. Finally, OTA Financial Group L.P. bought a new stake in BlackRock Multi-Sector Income Trust in the 4th quarter valued at $218,000.

BIT opened at $16.32 on Wednesday. BlackRock Multi-Sector Income Trust has a 52 week low of $15.13 and a 52 week high of $19.21. The business has a 50 day moving average of $16.12 and a 200-day moving average of $17.52.

The company also recently disclosed a monthly dividend, which will be paid on Friday, April 29th. Investors of record on Thursday, April 14th will be given a dividend of $0.124 per share. This represents a $1.49 annualized dividend and a yield of 9.12%. The ex-dividend date of this dividend is Wednesday, April 13th.

BlackRock Multi-Sector Income Trust Company Profile (Get Rating)

BlackRock Multi-Sector Income Trust is a closed-end management investment company. It invests in asset-backed and mortgage-backed securities, collateralized debt obligations, multiple class pass-through securities, zero-coupon bonds, capital trusts and trust preferred securities, preferred stock, floating rate loan interests, forward commitments and when-issued delayed delivery securities, mortgage dollar roll transactions, and reverse repurchase agreements.

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