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

Blackrock Income Trust (NYSE:BKT) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 79,623 shares, a growth of 262.8% from the December 31st total of 21,945 shares. Based on an average daily trading volume, of 151,826 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 151,826 shares, the short-interest ratio is presently 0.5 days.

Blackrock Income Trust Stock Up 0.2%

NYSE:BKT traded up $0.03 during trading hours on Thursday, reaching $11.07. 65,035 shares of the company traded hands, compared to its average volume of 132,495. The business’s 50-day moving average price is $11.05 and its two-hundred day moving average price is $11.31. Blackrock Income Trust has a 1 year low of $10.85 and a 1 year high of $12.11.

Blackrock Income Trust Dividend Announcement

The company 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. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 9.6%.

Institutional Trading of Blackrock Income Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Rareview Capital LLC raised its position in Blackrock Income Trust by 394.6% in the 4th quarter. Rareview Capital LLC now owns 132,356 shares of the company’s stock worth $1,555,000 after buying an additional 105,594 shares during the last quarter. Ramiah Investment Group purchased a new position in Blackrock Income Trust during the fourth quarter valued at $457,000. Allspring Global Investments Holdings LLC bought a new position in shares of Blackrock Income Trust during the 4th quarter valued at approximately $1,384,000. TrueMark Investments LLC bought a new position in shares of Blackrock Income Trust in the fourth quarter worth approximately $221,000. Finally, Riverbridge Partners LLC bought a new stake in Blackrock Income Trust during the fourth quarter valued at about $1,154,000. 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.