BlackRock New York Municipal Income Trust (NYSE:BNY) Short Interest Down 21.8% in January

BlackRock New York Municipal Income Trust (NYSE:BNY) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 25,900 shares, a decrease of 21.8% from the December 31st total of 33,100 shares. Based on an average daily volume of 63,700 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On BlackRock New York Municipal Income Trust

Several hedge funds have recently bought and sold shares of BNY. Rivernorth Capital Management LLC raised its holdings in BlackRock New York Municipal Income Trust by 46.1% during the 3rd quarter. Rivernorth Capital Management LLC now owns 333,170 shares of the financial services provider’s stock worth $3,665,000 after buying an additional 105,187 shares during the period. Focused Wealth Management Inc raised its holdings in shares of BlackRock New York Municipal Income Trust by 0.8% during the third quarter. Focused Wealth Management Inc now owns 118,483 shares of the financial services provider’s stock worth $1,303,000 after acquiring an additional 978 shares during the period. Cetera Investment Advisers lifted its position in BlackRock New York Municipal Income Trust by 7.2% in the 2nd quarter. Cetera Investment Advisers now owns 96,357 shares of the financial services provider’s stock valued at $1,032,000 after acquiring an additional 6,443 shares in the last quarter. Whitebox Advisors LLC boosted its stake in BlackRock New York Municipal Income Trust by 9.4% in the 3rd quarter. Whitebox Advisors LLC now owns 82,517 shares of the financial services provider’s stock worth $908,000 after purchasing an additional 7,084 shares during the period. Finally, Rockefeller Capital Management L.P. bought a new position in BlackRock New York Municipal Income Trust during the 3rd quarter worth about $598,000.

BlackRock New York Municipal Income Trust Price Performance

Shares of BlackRock New York Municipal Income Trust stock traded down $0.04 during trading on Friday, hitting $10.37. 40,755 shares of the company were exchanged, compared to its average volume of 50,488. The firm’s fifty day moving average price is $10.43 and its 200 day moving average price is $10.66. BlackRock New York Municipal Income Trust has a 1-year low of $10.05 and a 1-year high of $11.10.

BlackRock New York Municipal Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 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 5.90%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.