Short Interest in BlackRock Multi-Sector Income Trust (NYSE:BIT) Decreases By 39.4%

BlackRock Multi-Sector Income Trust (NYSE:BIT) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 96,900 shares, a drop of 39.4% from the January 15th total of 159,900 shares. Based on an average trading volume of 178,600 shares, the short-interest ratio is presently 0.5 days.

BlackRock Multi-Sector Income Trust Price Performance

Shares of BIT stock opened at $14.75 on Friday. BlackRock Multi-Sector Income Trust has a 1-year low of $14.22 and a 1-year high of $15.98. The firm has a fifty day moving average of $14.63 and a two-hundred day moving average of $14.78.

BlackRock Multi-Sector Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.1237 per share. This represents a $1.48 annualized dividend and a yield of 10.06%. The ex-dividend date is Friday, February 14th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BIT. Raymond James Financial Inc. bought a new position in shares of BlackRock Multi-Sector Income Trust in the 4th quarter worth about $4,100,000. GraniteShares Advisors LLC bought a new position in shares of BlackRock Multi-Sector Income Trust in the 4th quarter worth about $2,464,000. Cyndeo Wealth Partners LLC lifted its position in shares of BlackRock Multi-Sector Income Trust by 28.8% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 563,880 shares of the investment management company’s stock worth $8,233,000 after buying an additional 126,000 shares during the last quarter. U.S. Capital Wealth Advisors LLC bought a new position in shares of BlackRock Multi-Sector Income Trust in the 4th quarter worth about $1,539,000. Finally, LPL Financial LLC lifted its position in shares of BlackRock Multi-Sector Income Trust by 15.3% in the 4th quarter. LPL Financial LLC now owns 582,721 shares of the investment management company’s stock worth $8,508,000 after buying an additional 77,324 shares during the last quarter.

About BlackRock Multi-Sector Income Trust

BlackRock Multi-Sector Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. The fund invests in fixed income markets. It invests primarily in loan and debt instruments and other investments with similar economic characteristic.