BlackRock New York Municipal Income Trust (NYSE:BNY) Short Interest Down 21.1% in March

BlackRock New York Municipal Income Trust (NYSE:BNY) saw a large decline in short interest in March. As of March 31st, there was short interest totalling 55,800 shares, a decline of 21.1% from the March 15th total of 70,700 shares. Based on an average daily volume of 49,900 shares, the short-interest ratio is presently 1.1 days.

Hedge Funds Weigh In On BlackRock New York Municipal Income Trust

Several institutional investors have recently made changes to their positions in the business. Guggenheim Capital LLC raised its stake in shares of BlackRock New York Municipal Income Trust by 2.1% in the fourth quarter. Guggenheim Capital LLC now owns 353,802 shares of the financial services provider’s stock worth $3,605,000 after buying an additional 7,162 shares during the period. Rivernorth Capital Management LLC grew its stake in BlackRock New York Municipal Income Trust by 46.1% during the third quarter. Rivernorth Capital Management LLC now owns 333,170 shares of the financial services provider’s stock valued at $3,665,000 after acquiring an additional 105,187 shares in the last quarter. Whitebox Advisors LLC increased its holdings in BlackRock New York Municipal Income Trust by 88.4% in the 4th quarter. Whitebox Advisors LLC now owns 155,471 shares of the financial services provider’s stock valued at $1,584,000 after acquiring an additional 72,954 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of BlackRock New York Municipal Income Trust by 152.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 137,095 shares of the financial services provider’s stock worth $1,397,000 after purchasing an additional 82,700 shares during the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of BlackRock New York Municipal Income Trust by 7.6% during the 4th quarter. Baird Financial Group Inc. now owns 71,943 shares of the financial services provider’s stock worth $733,000 after acquiring an additional 5,090 shares in the last quarter.

BlackRock New York Municipal Income Trust Price Performance

NYSE BNY traded up $0.03 during mid-day trading on Friday, reaching $9.77. The stock had a trading volume of 16,132 shares, compared to its average volume of 50,202. The company has a fifty day moving average price of $10.21 and a 200 day moving average price of $10.43. BlackRock New York Municipal Income Trust has a 1 year low of $9.55 and a 1 year high of $11.10.

BlackRock New York Municipal Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date of this dividend is Tuesday, April 15th.

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.