BlackRock Multi-Sector Income Trust (NYSE:BIT) Short Interest Up 76.1% in June

BlackRock Multi-Sector Income Trust (NYSE:BIT) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 219,675 shares, a growth of 76.1% from the May 31st total of 124,757 shares. Based on an average daily volume of 257,685 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of BlackRock Multi-Sector Income Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BIT. World Investment Advisors grew its position in shares of BlackRock Multi-Sector Income Trust by 9.4% during the 4th quarter. World Investment Advisors now owns 12,660 shares of the investment management company’s stock worth $152,000 after buying an additional 1,084 shares during the period. NewEdge Advisors LLC boosted its position in shares of BlackRock Multi-Sector Income Trust by 1.6% in the 3rd quarter. NewEdge Advisors LLC now owns 85,795 shares of the investment management company’s stock worth $1,149,000 after purchasing an additional 1,366 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of BlackRock Multi-Sector Income Trust by 1.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 119,506 shares of the investment management company’s stock worth $1,561,000 after purchasing an additional 1,566 shares during the period. Comerica Bank grew its stake in shares of BlackRock Multi-Sector Income Trust by 24.0% during the fourth quarter. Comerica Bank now owns 8,619 shares of the investment management company’s stock worth $113,000 after purchasing an additional 1,669 shares during the period. Finally, &PARTNERS increased its holdings in BlackRock Multi-Sector Income Trust by 16.0% in the fourth quarter. &PARTNERS now owns 14,594 shares of the investment management company’s stock valued at $191,000 after purchasing an additional 2,009 shares during the last quarter.

BlackRock Multi-Sector Income Trust Stock Performance

Shares of NYSE:BIT opened at $12.50 on Thursday. The business has a fifty day moving average of $12.55 and a 200-day moving average of $12.83. BlackRock Multi-Sector Income Trust has a twelve month low of $12.20 and a twelve month high of $15.12.

BlackRock Multi-Sector Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.1237 dividend. This represents a c) annualized dividend and a yield of 11.9%. The ex-dividend date is Tuesday, September 15th.

About BlackRock Multi-Sector Income Trust

BlackRock Multi-Sector Income Trust (NYSE:BIT) is a closed-end management investment company sponsored by BlackRock, Inc The trust seeks to provide high current income and total return by investing across a broad range of income-producing sectors. It trades on the New York Stock Exchange under the ticker symbol BIT and is managed by BlackRock Advisors, LLC.

The trust’s portfolio is diversified across multiple sectors of the fixed-income market, including investment-grade corporate bonds, high-yield corporate debt, U.S.