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

Blackrock Income Trust (NYSE:BKT) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 104,423 shares, a growth 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 currently 0.8 days. Based on an average daily volume of 128,808 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On Blackrock Income Trust

A number of institutional investors have recently bought and sold shares of the stock. Uhlmann Price Securities LLC purchased a new stake in Blackrock Income Trust in the fourth quarter worth about $113,000. Comerica Bank increased its holdings in 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 acquiring an additional 3,166 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in Blackrock Income Trust during the 4th quarter worth approximately $134,000. M Holdings Securities Inc. purchased a new position in Blackrock Income Trust during the second quarter valued at approximately $213,000. Finally, TrueMark Investments LLC purchased a new position in Blackrock Income Trust during the fourth quarter valued at approximately $221,000. 39.43% of the stock is owned by institutional investors.

Blackrock Income Trust Price Performance

BKT opened at $11.12 on Monday. The company’s 50 day moving average is $11.07 and its 200 day moving average is $11.27. Blackrock Income Trust has a 12-month low of $10.85 and a 12-month high of $12.11.

Blackrock Income Trust Dividend Announcement

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

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.