BlackRock New York Municipal Income Trust (NYSE:BNY – Get Rating) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 65,900 shares, a growth of 74.3% from the March 15th total of 37,800 shares. Based on an average daily volume of 76,100 shares, the days-to-cover ratio is presently 0.9 days.
NYSE:BNY traded down $0.12 during trading hours on Friday, reaching $11.71. The company’s stock had a trading volume of 35,955 shares, compared to its average volume of 74,599. BlackRock New York Municipal Income Trust has a one year low of $11.70 and a one year high of $15.66. The business’s 50-day moving average is $12.44 and its 200-day moving average is $13.92.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, May 2nd. Investors of record on Thursday, April 14th will be issued a $0.047 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend is Wednesday, April 13th.
A number of research analysts have commented on BNY shares. Keefe, Bruyette & Woods downgraded BlackRock New York Municipal Income Trust from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 11th. Barclays raised their price objective on shares of BlackRock New York Municipal Income Trust from $62.00 to $74.00 in a research report on Monday, January 3rd.
BlackRock New York Municipal Income Trust Company Profile (Get Rating)
BlackRock New York Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in the investment grade municipal bonds exempt from federal income taxes and New York State and New York City personal income taxes.
- Get a free copy of the StockNews.com research report on BlackRock New York Municipal Income Trust (BNY)
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