BlackRock Income Trust, Inc. (NYSE:BKT) Short Interest Down 19.5% in April

BlackRock Income Trust, Inc. (NYSE:BKT – Get Rating) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 187,500 shares, a drop of 19.5% from the April 15th total of 233,000 shares. Based on an average daily volume of 344,000 shares, the days-to-cover ratio is presently 0.5 days.

Shares of NYSE:BKT traded down $0.02 during trading hours on Wednesday, hitting $4.54. The stock had a trading volume of 205,158 shares, compared to its average volume of 324,385. The stock’s fifty day simple moving average is $4.87 and its 200 day simple moving average is $5.32. BlackRock Income Trust has a 1-year low of $4.47 and a 1-year high of $6.51.

The company also recently declared a monthly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th will be paid a $0.0344 dividend. The ex-dividend date of this dividend is Friday, May 13th. This represents a $0.41 annualized dividend and a dividend yield of 9.09%.

Large investors have recently made changes to their positions in the business. Creative Planning increased its stake in shares of BlackRock Income Trust by 34.5% in the third quarter. Creative Planning now owns 24,155 shares of the company’s stock valued at $147,000 after purchasing an additional 6,200 shares during the period. Ibex Wealth Advisors increased its stake in shares of BlackRock Income Trust by 24.3% during the third quarter. Ibex Wealth Advisors now owns 26,825 shares of the company’s stock valued at $164,000 after acquiring an additional 5,239 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of BlackRock Income Trust by 3,696.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 14,200 shares of the company’s stock valued at $80,000 after acquiring an additional 13,826 shares during the period. LPL Financial LLC increased its stake in shares of BlackRock Income Trust by 6.7% during the third quarter. LPL Financial LLC now owns 952,618 shares of the company’s stock valued at $5,811,000 after acquiring an additional 59,939 shares during the period. Finally, Advisor Group Holdings Inc. increased its stake in shares of BlackRock Income Trust by 33.4% during the third quarter. Advisor Group Holdings Inc. now owns 149,660 shares of the company’s stock valued at $913,000 after acquiring an additional 37,513 shares during the period. Institutional investors own 31.78% of the company’s stock.

BlackRock Income Trust Company Profile (Get Rating)

BlackRock Income Trust, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors. It invests in securities such as U.S.

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