Blackrock Income Trust (NYSE:BKT) Short Interest Update

Blackrock Income Trust (NYSE:BKT) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 52,944 shares, a decrease of 50.7% from the July 15th total of 107,421 shares. Based on an average daily volume of 97,875 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Sankala Group LLC bought a new stake in shares of Blackrock Income Trust in the 4th quarter worth about $46,000. Comerica Bank raised its stake in shares of Blackrock Income Trust by 43.0% in the 3rd quarter. Comerica Bank now owns 10,533 shares of the company’s stock valued at $118,000 after purchasing an additional 3,166 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Blackrock Income Trust during the first quarter worth about $120,000. Commonwealth Equity Services LLC bought a new position in shares of Blackrock Income Trust during the fourth quarter worth about $134,000. Finally, First Nebraska Trust Co acquired a new position in Blackrock Income Trust in the first quarter worth about $172,000. 39.43% of the stock is owned by institutional investors and hedge funds.

Blackrock Income Trust Stock Performance

Shares of Blackrock Income Trust stock traded down $0.08 on Friday, hitting $10.42. 41,560 shares of the company’s stock traded hands, compared to its average volume of 124,382. Blackrock Income Trust has a 52-week low of $10.16 and a 52-week high of $11.86. The firm’s 50-day moving average is $10.47 and its 200 day moving average is $10.67.

Blackrock Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.0882 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 10.2%.

Blackrock Income Trust Company Profile

BlackRock Income Trust (NYSE: BKT) is a diversified, closed-end management investment company sponsored by BlackRock, Inc The fund seeks to provide current income through investments in a broad array of fixed-income securities. Its holdings typically include high-yield corporate bonds, investment-grade corporate debt, government and agency obligations and securitized products such as mortgage- and asset-backed securities.

The trust employs active portfolio management, aiming to capitalize on credit opportunities across global and domestic markets.