Short Interest in BlackRock Multi-Sector Income Trust (NYSE:BIT) Increases By 76.1%

BlackRock Multi-Sector Income Trust (NYSE:BIT) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 219,675 shares, an increase of 76.1% from the May 31st total of 124,757 shares. Based on an average daily trading volume, of 257,685 shares, the days-to-cover ratio is currently 0.9 days.

BlackRock Multi-Sector Income Trust Trading Up 0.2%

Shares of BIT opened at $12.50 on Friday. The business’s 50-day moving average price is $12.55 and its 200-day moving average price is $12.83. BlackRock Multi-Sector Income Trust has a twelve month low of $12.20 and a twelve month high of $15.12.

BlackRock Multi-Sector Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.1237 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 11.9%.

Hedge Funds Weigh In On BlackRock Multi-Sector Income Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. Rivernorth Capital Management LLC boosted its position in BlackRock Multi-Sector Income Trust by 0.9% during the fourth quarter. Rivernorth Capital Management LLC now owns 1,763,718 shares of the investment management company’s stock valued at $23,034,000 after buying an additional 15,322 shares during the period. Cyndeo Wealth Partners LLC boosted its holdings in BlackRock Multi-Sector Income Trust by 1.8% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 837,581 shares of the investment management company’s stock valued at $10,939,000 after acquiring an additional 15,201 shares during the period. Royal Bank of Canada boosted its holdings in BlackRock Multi-Sector Income Trust by 76.7% during the 4th quarter. Royal Bank of Canada now owns 681,655 shares of the investment management company’s stock valued at $8,903,000 after acquiring an additional 295,974 shares during the period. Invesco Ltd. grew its position in BlackRock Multi-Sector Income Trust by 53.8% during the 4th quarter. Invesco Ltd. now owns 673,510 shares of the investment management company’s stock worth $8,796,000 after acquiring an additional 235,625 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in BlackRock Multi-Sector Income Trust by 17.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 512,573 shares of the investment management company’s stock worth $6,829,000 after purchasing an additional 76,610 shares during the period.

BlackRock Multi-Sector Income Trust Company Profile

BlackRock Multi-Sector Income Trust (NYSE:BIT) is a closed-end management investment company sponsored by BlackRock, Inc The trust seeks to provide high current income and total return by investing across a broad range of income-producing sectors. It trades on the New York Stock Exchange under the ticker symbol BIT and is managed by BlackRock Advisors, LLC.

The trust’s portfolio is diversified across multiple sectors of the fixed-income market, including investment-grade corporate bonds, high-yield corporate debt, U.S.