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

BlackRock Income Trust, Inc. (NYSE:BKT) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 49,400 shares, an increase of 12.3% from the December 15th total of 44,000 shares. Based on an average trading volume of 61,200 shares, the days-to-cover ratio is currently 0.8 days.

BlackRock Income Trust Stock Up 0.6 %

NYSE BKT traded up $0.07 during trading hours on Monday, reaching $11.64. The company’s stock had a trading volume of 31,391 shares, compared to its average volume of 55,728. BlackRock Income Trust has a 52 week low of $11.06 and a 52 week high of $12.67. The firm has a fifty day simple moving average of $11.71 and a 200-day simple moving average of $12.05.

BlackRock Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.0882 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.10%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BKT. Choreo LLC acquired a new stake in shares of BlackRock Income Trust during the second quarter worth $233,000. Canal Capital Management LLC grew its stake in shares of BlackRock Income Trust by 13.6% in the 3rd quarter. Canal Capital Management LLC now owns 21,964 shares of the company’s stock valued at $273,000 after buying an additional 2,632 shares during the period. Arkadios Wealth Advisors grew its stake in BlackRock Income Trust by 4.2% in the third quarter. Arkadios Wealth Advisors now owns 43,779 shares of the company’s stock valued at $544,000 after acquiring an additional 1,780 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of BlackRock Income Trust by 34.3% during the third quarter. Thrivent Financial for Lutherans now owns 66,493 shares of the company’s stock valued at $826,000 after acquiring an additional 17,000 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of BlackRock Income Trust during the third quarter worth approximately $13,380,000. 39.43% of the stock is 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.