BlackRock Income Trust, Inc. (NYSE:BKT) Short Interest Update

BlackRock Income Trust, Inc. (NYSE:BKT) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 36,900 shares, a growth of 20.6% from the August 15th total of 30,600 shares. Based on an average daily volume of 58,000 shares, the short-interest ratio is currently 0.6 days.

BlackRock Income Trust Price Performance

NYSE BKT remained flat at $12.59 during trading on Tuesday. The company’s stock had a trading volume of 61,779 shares, compared to its average volume of 62,819. BlackRock Income Trust has a 52 week low of $10.55 and a 52 week high of $12.67. The business’s 50 day moving average is $12.27 and its 200 day moving average is $11.89.

BlackRock Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a dividend of $0.0882 per share. This represents a $1.06 dividend on an annualized basis and a yield of 8.41%. The ex-dividend date of this dividend is Tuesday, October 15th.

Hedge Funds Weigh In On BlackRock Income Trust

Large investors have recently bought and sold shares of the stock. DT Investment Partners LLC acquired a new position in BlackRock Income Trust in the 2nd quarter valued at approximately $103,000. Canal Capital Management LLC bought a new stake in BlackRock Income Trust in the 2nd quarter valued at $231,000. Choreo LLC acquired a new position in shares of BlackRock Income Trust in the 2nd quarter valued at $233,000. WMG Financial Advisors LLC raised its stake in shares of BlackRock Income Trust by 66.5% in the 2nd quarter. WMG Financial Advisors LLC now owns 24,495 shares of the company’s stock valued at $292,000 after buying an additional 9,779 shares in the last quarter. Finally, Accuvest Global Advisors bought a new position in shares of BlackRock Income Trust during the 4th quarter worth about $330,000. 39.43% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Income Trust Company Profile

BlackRock Income Trust, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors. It invests in securities such as U.S.