Blackrock Income Trust (NYSE:BKT) Short Interest Update

Blackrock Income Trust (NYSE:BKT) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 21,945 shares, a drop of 54.8% from the December 15th total of 48,565 shares. Based on an average daily volume of 176,790 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 176,790 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Blackrock Income Trust

Several hedge funds have recently bought and sold shares of BKT. Uhlmann Price Securities LLC bought a new position in shares of Blackrock Income Trust during the fourth quarter valued at approximately $113,000. Comerica Bank grew its stake in shares of Blackrock Income Trust by 43.0% in the 3rd 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. M Holdings Securities Inc. purchased a new stake in shares of Blackrock Income Trust in the 2nd quarter worth approximately $213,000. TrueMark Investments LLC bought a new position in Blackrock Income Trust during the 4th quarter valued at approximately $221,000. Finally, Steward Partners Investment Advisory LLC raised its stake in Blackrock Income Trust by 63.9% during the second quarter. Steward Partners Investment Advisory LLC now owns 19,642 shares of the company’s stock valued at $231,000 after buying an additional 7,660 shares during the last quarter. Institutional investors own 39.43% of the company’s stock.

Blackrock Income Trust Price Performance

BKT traded down $0.02 during trading on Wednesday, reaching $11.15. The stock had a trading volume of 108,390 shares, compared to its average volume of 160,906. The stock’s 50 day moving average is $11.06 and its two-hundred day moving average is $11.36. Blackrock Income Trust has a one year low of $10.85 and a one year high of $12.11.

Blackrock Income Trust Announces Dividend

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

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.