BlackRock Multi-Sector Income Trust (NYSE:BIT) Stock Short Interest Rises 95.0%

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

BlackRock Multi-Sector Income Trust Stock Performance

NYSE:BIT opened at $11.27 on Thursday. BlackRock Multi-Sector Income Trust has a 52 week low of $11.10 and a 52 week high of $13.48. The stock’s 50-day moving average price is $11.90 and its 200-day moving average price is $12.31.

BlackRock Multi-Sector Income Trust Announces Dividend

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

Institutional Trading of BlackRock Multi-Sector Income Trust

A number of institutional investors and hedge funds have recently made changes to their positions in BIT. Wealth Care LLC purchased a new position in shares of BlackRock Multi-Sector Income Trust during the 1st quarter valued at approximately $650,000. Beta Wealth Group Inc. acquired a new stake in BlackRock Multi-Sector Income Trust in the 4th quarter valued at $1,862,000. 1607 Capital Partners LLC purchased a new stake in BlackRock Multi-Sector Income Trust in the 4th quarter worth $2,166,000. Allspring Global Investments Holdings LLC purchased a new stake in BlackRock Multi-Sector Income Trust in the 1st quarter worth $4,664,000. Finally, Independent Financial Group LLC purchased a new stake in BlackRock Multi-Sector Income Trust in the 1st quarter worth $193,000.

About BlackRock Multi-Sector Income Trust

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.