Blackrock Income Trust (NYSE:BKT) Short Interest Update

Blackrock Income Trust (NYSE:BKT) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 75,815 shares, a decrease of 48.9% from the April 15th total of 148,279 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 89,624 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On Blackrock Income Trust

Institutional investors have recently added to or reduced their stakes in the business. Sankala Group LLC bought a new position in Blackrock Income Trust in the 4th quarter worth about $46,000. Uhlmann Price Securities LLC bought a new position in Blackrock Income Trust in the 4th quarter worth about $113,000. Comerica Bank increased its stake in Blackrock Income Trust by 43.0% in the 3rd quarter. Comerica Bank now owns 10,533 shares of the company’s stock worth $118,000 after acquiring an additional 3,166 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Blackrock Income Trust in the 1st quarter worth about $120,000. Finally, Commonwealth Equity Services LLC bought a new position in Blackrock Income Trust in the 4th quarter worth about $134,000. 39.43% of the stock is currently owned by institutional investors.

Blackrock Income Trust Price Performance

NYSE BKT traded down $0.25 during trading on Friday, reaching $10.38. The company’s stock had a trading volume of 204,220 shares, compared to its average volume of 105,488. The firm has a fifty day moving average of $10.70 and a 200 day moving average of $10.95. Blackrock Income Trust has a one year low of $10.33 and a one year high of $11.86.

Blackrock Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.0882 dividend. This represents a c) dividend on an annualized basis and a yield of 10.2%. The ex-dividend date is Monday, June 15th.

Blackrock Income Trust Company Profile

BlackRock Income Trust (NYSE: BKT) is a diversified, closed-end management investment company sponsored by BlackRock, Inc The fund seeks to provide current income through investments in a broad array of fixed-income securities. Its holdings typically include high-yield corporate bonds, investment-grade corporate debt, government and agency obligations and securitized products such as mortgage- and asset-backed securities.

The trust employs active portfolio management, aiming to capitalize on credit opportunities across global and domestic markets.