BlackRock Income Trust, Inc. (NYSE:BKT) Sees Large Increase in Short Interest

BlackRock Income Trust, Inc. (NYSE:BKT) saw a significant increase in short interest in the month of 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 daily trading volume, of 61,200 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On BlackRock Income Trust

Several hedge funds have recently made changes to their positions in the business. Choreo LLC purchased a new stake in BlackRock Income Trust during the 2nd quarter valued at approximately $233,000. Canal Capital Management LLC increased its holdings in shares of BlackRock Income Trust by 13.6% in the third quarter. Canal Capital Management LLC now owns 21,964 shares of the company’s stock valued at $273,000 after purchasing an additional 2,632 shares during the period. Arkadios Wealth Advisors raised its stake in shares of BlackRock Income Trust by 4.2% during the third quarter. Arkadios Wealth Advisors now owns 43,779 shares of the company’s stock worth $544,000 after purchasing an additional 1,780 shares during the last quarter. Thrivent Financial for Lutherans grew its position in BlackRock Income Trust by 34.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 66,493 shares of the company’s stock valued at $826,000 after buying an additional 17,000 shares during the last quarter. Finally, Melfa Wealth Management Inc. increased its stake in BlackRock Income Trust by 1.3% in the 3rd quarter. Melfa Wealth Management Inc. now owns 374,393 shares of the company’s stock valued at $4,654,000 after buying an additional 4,896 shares during the period. Institutional investors and hedge funds own 39.43% of the company’s stock.

BlackRock Income Trust Trading Up 0.6 %

BKT stock opened at $11.64 on Monday. The company has a fifty day moving average price of $11.71 and a 200 day moving average price of $12.05. BlackRock Income Trust has a 12 month low of $11.06 and a 12 month high of $12.67.

BlackRock Income Trust Announces Dividend

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

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.