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

BlackRock New York Municipal Income Trust (NYSE:BNY) saw a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 20,900 shares, a decline of 71.1% from the October 31st total of 72,200 shares. Based on an average trading volume of 52,700 shares, the short-interest ratio is presently 0.4 days.

BlackRock New York Municipal Income Trust Stock Performance

Shares of BNY stock traded up $0.11 during trading hours on Wednesday, reaching $10.70. The company had a trading volume of 113,359 shares, compared to its average volume of 45,809. BlackRock New York Municipal Income Trust has a 1-year low of $9.77 and a 1-year high of $11.10. The company has a 50 day moving average of $10.78 and a 200 day moving average of $10.75.

BlackRock New York Municipal Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date of this dividend is Friday, November 15th.

Hedge Funds Weigh In On BlackRock New York Municipal Income Trust

Institutional investors have recently modified their holdings of the stock. Pathway Financial Advisers LLC boosted its stake in BlackRock New York Municipal Income Trust by 1,000.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 4,829 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 4,390 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in BlackRock New York Municipal Income Trust in the third quarter worth $152,000. Sanctuary Advisors LLC bought a new position in shares of BlackRock New York Municipal Income Trust during the second quarter worth $151,000. Horizon Kinetics Asset Management LLC acquired a new position in shares of BlackRock New York Municipal Income Trust in the 3rd quarter valued at $201,000. Finally, Tidal Investments LLC grew its holdings in shares of BlackRock New York Municipal Income Trust by 8.5% in the 1st quarter. Tidal Investments LLC now owns 31,252 shares of the financial services provider’s stock valued at $331,000 after buying an additional 2,454 shares during the period.

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.