BlackRock Income Trust, Inc. (NYSE:BKT) Sees Significant Growth in Short Interest

BlackRock Income Trust, Inc. (NYSE:BKT) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 47,000 shares, an increase of 9.3% from the October 31st total of 43,000 shares. Based on an average daily volume of 61,600 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On BlackRock Income Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James & Associates grew its stake in shares of BlackRock Income Trust by 39.2% during the second quarter. Raymond James & Associates now owns 395,569 shares of the company’s stock valued at $4,719,000 after buying an additional 111,364 shares during the last quarter. International Assets Investment Management LLC bought a new stake in BlackRock Income Trust during the 3rd quarter valued at approximately $13,380,000. Choreo LLC bought a new stake in BlackRock Income Trust during the 2nd quarter valued at approximately $233,000. Canal Capital Management LLC purchased a new position in shares of BlackRock Income Trust during the second quarter valued at approximately $231,000. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of BlackRock Income Trust by 34.3% during the third quarter. Thrivent Financial for Lutherans now owns 66,493 shares of the company’s stock valued at $826,000 after purchasing an additional 17,000 shares during the last quarter. Hedge funds and other institutional investors own 39.43% of the company’s stock.

BlackRock Income Trust Price Performance

Shares of BlackRock Income Trust stock traded up $0.05 during trading hours on Wednesday, reaching $12.03. The company had a trading volume of 49,105 shares, compared to its average volume of 61,648. BlackRock Income Trust has a one year low of $11.06 and a one year high of $12.67. The business has a fifty day simple moving average of $12.06 and a 200 day simple moving average of $12.07.

BlackRock Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.0882 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 8.80%.

BlackRock Income Trust Company Profile

BlackRock Income Trust, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors. It invests in securities such as U.S.