BlackRock Multi-Sector Income Trust (NYSE:BIT) Short Interest Up 7.0% in March

BlackRock Multi-Sector Income Trust (NYSE:BIT) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 613,700 shares, an increase of 7.0% from the March 15th total of 573,800 shares. Based on an average trading volume of 91,200 shares, the short-interest ratio is currently 6.7 days.

Hedge Funds Weigh In On BlackRock Multi-Sector Income Trust

Institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. grew its holdings in BlackRock Multi-Sector Income Trust by 6.6% during the third quarter. Ameriprise Financial Inc. now owns 489,564 shares of the investment management company’s stock valued at $7,116,000 after purchasing an additional 30,332 shares during the period. Invesco Ltd. boosted its holdings in BlackRock Multi-Sector Income Trust by 7.2% during the first quarter. Invesco Ltd. now owns 427,486 shares of the investment management company’s stock worth $7,045,000 after purchasing an additional 28,739 shares during the last quarter. LPL Financial LLC raised its position in BlackRock Multi-Sector Income Trust by 35.2% during the third quarter. LPL Financial LLC now owns 405,230 shares of the investment management company’s stock worth $5,864,000 after acquiring an additional 105,614 shares in the last quarter. Cyndeo Wealth Partners LLC raised its position in BlackRock Multi-Sector Income Trust by 20.7% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 316,477 shares of the investment management company’s stock worth $4,747,000 after acquiring an additional 54,342 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of BlackRock Multi-Sector Income Trust by 4.3% in the first quarter. Royal Bank of Canada now owns 246,089 shares of the investment management company’s stock valued at $4,055,000 after purchasing an additional 10,186 shares during the period.

BlackRock Multi-Sector Income Trust Trading Down 1.3 %

Shares of BlackRock Multi-Sector Income Trust stock opened at $15.15 on Tuesday. BlackRock Multi-Sector Income Trust has a twelve month low of $13.65 and a twelve month high of $15.98. The firm’s 50-day simple moving average is $15.53 and its 200-day simple moving average is $15.07.

BlackRock Multi-Sector Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be paid a $0.124 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 9.83%. The ex-dividend date is Friday, April 12th.

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.