BlackRock Multi-Sector Income Trust (NYSE:BIT) Shares Shorted: Short Interest Up 95.0% in September

BlackRock Multi-Sector Income Trust (NYSE:BIT) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 254,922 shares, a growth of 95.0% from the August 31st total of 130,718 shares. Based on an average daily volume of 356,709 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On BlackRock Multi-Sector Income Trust

Large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of BlackRock Multi-Sector Income Trust in the 1st quarter valued at about $4,664,000. 1607 Capital Partners LLC bought a new position in shares of BlackRock Multi-Sector Income Trust during the fourth quarter worth about $2,166,000. Cetera Investment Advisers raised its position in BlackRock Multi-Sector Income Trust by 8.9% in the 1st quarter. Cetera Investment Advisers now owns 171,663 shares of the investment management company’s stock valued at $2,149,000 after buying an additional 14,006 shares during the last quarter. Rareview Capital LLC raised its position in BlackRock Multi-Sector Income Trust by 9.7% in the 2nd quarter. Rareview Capital LLC now owns 162,069 shares of the investment management company’s stock valued at $2,029,000 after buying an additional 14,306 shares during the last quarter. Finally, Beta Wealth Group Inc. bought a new stake in BlackRock Multi-Sector Income Trust in the 4th quarter valued at approximately $1,862,000.

BlackRock Multi-Sector Income Trust Stock Performance

BIT traded up $0.06 during trading on Wednesday, reaching $11.27. The company had a trading volume of 618,335 shares, compared to its average volume of 310,792. BlackRock Multi-Sector Income Trust has a 12 month low of $11.10 and a 12 month high of $13.48. The business’s fifty day moving average price is $11.92 and its 200 day moving average price is $12.32.

BlackRock Multi-Sector Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be issued a dividend of $0.1237 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date is Friday, December 11th.

BlackRock Multi-Sector Income Trust Company Profile

BlackRock Multi-Sector Income Trust (NYSE: BIT) is a closed-end management investment company advised by BlackRock Advisors, a subsidiary of BlackRock, Inc The fund seeks to provide current income and, to a lesser extent, capital appreciation by investing in a diversified portfolio of fixed-income securities.

BIT invests across multiple sectors of the global bond market. Its holdings may include investment-grade and below-investment-grade corporate bonds, government and government-related securities, mortgage- and asset-backed securities, senior loans, and other income-producing debt instruments.