Short Interest in BlackRock New York Municipal Income Trust (NYSE:BNY) Declines By 26.3%

BlackRock New York Municipal Income Trust (NYSE:BNY) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 36,100 shares, a drop of 26.3% from the September 30th total of 49,000 shares. Based on an average daily trading volume, of 76,000 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 76,000 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On BlackRock New York Municipal Income Trust

A number of institutional investors and hedge funds have recently made changes to their positions in BNY. Cetera Investment Advisers increased its stake in BlackRock New York Municipal Income Trust by 5.1% in the first quarter. Cetera Investment Advisers now owns 109,048 shares of the financial services provider’s stock valued at $1,109,000 after acquiring an additional 5,282 shares during the last quarter. Plancorp LLC bought a new position in BlackRock New York Municipal Income Trust in the first quarter valued at $327,000. Ackerman Capital Advisors LLC bought a new position in BlackRock New York Municipal Income Trust in the second quarter valued at $128,000. Bridgewater Advisors Inc. bought a new position in BlackRock New York Municipal Income Trust in the second quarter valued at $379,000. Finally, Focused Wealth Management Inc increased its stake in BlackRock New York Municipal Income Trust by 1.0% in the first quarter. Focused Wealth Management Inc now owns 111,453 shares of the financial services provider’s stock valued at $1,133,000 after acquiring an additional 1,060 shares during the last quarter.

BlackRock New York Municipal Income Trust Trading Up 0.0%

Shares of BNY stock opened at $10.16 on Wednesday. BlackRock New York Municipal Income Trust has a 52-week low of $9.30 and a 52-week high of $10.86. The business’s fifty day moving average is $10.08 and its 200 day moving average is $9.80.

BlackRock New York Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a $0.051 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Friday, November 14th.

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.