BlackRock New York Municipal Income Trust (NYSE:BNY) Short Interest Update

BlackRock New York Municipal Income Trust (NYSE:BNY) saw a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 31,700 shares, an increase of 8.6% from the January 15th total of 29,200 shares. Based on an average daily trading volume, of 67,500 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of BlackRock New York Municipal Income Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. Focused Wealth Management Inc lifted its position in shares of BlackRock New York Municipal Income Trust by 0.8% during the third quarter. Focused Wealth Management Inc now owns 118,483 shares of the financial services provider’s stock worth $1,303,000 after purchasing an additional 978 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of BlackRock New York Municipal Income Trust by 11.9% during the third quarter. Sanctuary Advisors LLC now owns 16,403 shares of the financial services provider’s stock worth $173,000 after purchasing an additional 1,749 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of BlackRock New York Municipal Income Trust by 24.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 14,799 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 2,873 shares during the last quarter. Pathway Financial Advisers LLC lifted its position in shares of BlackRock New York Municipal Income Trust by 1,000.0% during the third quarter. Pathway Financial Advisers LLC now owns 4,829 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 4,390 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its position in shares of BlackRock New York Municipal Income Trust by 7.6% during the fourth quarter. Baird Financial Group Inc. now owns 71,943 shares of the financial services provider’s stock worth $733,000 after purchasing an additional 5,090 shares during the last quarter.

BlackRock New York Municipal Income Trust Stock Performance

Shares of BNY opened at $10.43 on Tuesday. BlackRock New York Municipal Income Trust has a 52-week low of $10.05 and a 52-week high of $11.10. The business has a fifty day moving average of $10.37 and a 200 day moving average of $10.64.

BlackRock New York Municipal Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a dividend of $0.051 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.61 annualized dividend and a dividend yield of 5.87%.

BlackRock New York Municipal Income Trust Company Profile

BlackRock New York Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in the investment grade municipal bonds exempt from federal income taxes and New York State and New York City personal income taxes.