Blackrock Income Trust (NYSE:BKT) Sees Significant Growth in Short Interest

Blackrock Income Trust (NYSE:BKT) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 104,423 shares, an increase of 31.1% from the January 15th total of 79,623 shares. Based on an average daily volume of 128,808 shares, the short-interest ratio is presently 0.8 days. Based on an average daily volume of 128,808 shares, the short-interest ratio is presently 0.8 days.

Blackrock Income Trust Stock Performance

NYSE BKT opened at $11.12 on Wednesday. Blackrock Income Trust has a twelve month low of $10.85 and a twelve month high of $12.11. The stock has a fifty day simple moving average of $11.08 and a 200 day simple moving average of $11.26.

Blackrock Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.0882 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 9.5%.

Institutional Trading of Blackrock Income Trust

Several institutional investors have recently added to or reduced their stakes in BKT. Uhlmann Price Securities LLC bought a new position in Blackrock Income Trust during the 4th quarter worth approximately $113,000. Comerica Bank raised its stake in 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 buying an additional 3,166 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in Blackrock Income Trust during the fourth quarter worth $134,000. M Holdings Securities Inc. acquired a new position in Blackrock Income Trust in the second quarter valued at $213,000. Finally, TrueMark Investments LLC bought a new stake in Blackrock Income Trust during the fourth quarter valued at $221,000. 39.43% of the stock is currently owned by institutional investors.

About Blackrock Income Trust

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.