BlackRock Income Trust, Inc. (NYSE:BKT) Short Interest Up 260.5% in May

BlackRock Income Trust, Inc. (NYSE:BKT – Get Rating) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 27,400 shares, an increase of 260.5% from the April 30th total of 7,600 shares. Based on an average trading volume of 59,600 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of BlackRock Income Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Accurate Wealth Management LLC bought a new stake in BlackRock Income Trust during the 4th quarter valued at about $25,000. Tower Research Capital LLC TRC bought a new stake in shares of BlackRock Income Trust in the first quarter worth approximately $37,000. Elequin Securities LLC bought a new stake in shares of BlackRock Income Trust in the fourth quarter worth approximately $57,000. WMG Financial Advisors LLC bought a new stake in shares of BlackRock Income Trust in the first quarter worth approximately $130,000. Finally, Cresset Asset Management LLC bought a new stake in shares of BlackRock Income Trust in the first quarter worth approximately $133,000.

BlackRock Income Trust Stock Up 0.1 %

Shares of BlackRock Income Trust stock traded up $0.01 during trading on Friday, hitting $12.25. The company’s stock had a trading volume of 45,962 shares, compared to its average volume of 59,959. The company has a fifty day simple moving average of $12.56 and a two-hundred day simple moving average of $12.65. BlackRock Income Trust has a 52 week low of $11.60 and a 52 week high of $14.46.

BlackRock Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th will be paid a dividend of $0.0882 per share. The ex-dividend date of this dividend is Friday, May 12th. This represents a $1.06 dividend on an annualized basis and a yield of 8.64%.

BlackRock Income Trust Company Profile

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BlackRock Income Trust, Inc is a closed-end investment fund. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on July 31, 1988 and is headquartered in Wilmington, DE.