BlackRock Multi-Sector Income Trust (NYSE:BIT) Short Interest Update

BlackRock Multi-Sector Income Trust (NYSE:BIT) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 79,600 shares, an increase of 189.5% from the October 15th total of 27,500 shares. Based on an average daily trading volume, of 131,600 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On BlackRock Multi-Sector Income Trust

Large investors have recently bought and sold shares of the stock. Landscape Capital Management L.L.C. raised its stake in shares of BlackRock Multi-Sector Income Trust by 91.5% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 113,928 shares of the investment management company’s stock worth $1,732,000 after purchasing an additional 54,436 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of BlackRock Multi-Sector Income Trust by 17.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 133,182 shares of the investment management company’s stock worth $2,024,000 after purchasing an additional 20,000 shares during the period. Wolverine Asset Management LLC raised its stake in shares of BlackRock Multi-Sector Income Trust by 76.2% during the 3rd quarter. Wolverine Asset Management LLC now owns 95,566 shares of the investment management company’s stock worth $1,453,000 after purchasing an additional 41,324 shares during the period. Shaker Financial Services LLC bought a new stake in shares of BlackRock Multi-Sector Income Trust during the 3rd quarter worth $682,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of BlackRock Multi-Sector Income Trust by 6.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 57,678 shares of the investment management company’s stock worth $877,000 after purchasing an additional 3,325 shares during the period.

Analyst Ratings Changes

Separately, Royal Bank of Canada raised shares of BlackRock Multi-Sector Income Trust to a “hold” rating in a research report on Thursday, July 25th.

BlackRock Multi-Sector Income Trust Stock Performance

Shares of NYSE:BIT opened at $14.79 on Friday. The stock’s fifty day simple moving average is $14.95 and its two-hundred day simple moving average is $14.88. BlackRock Multi-Sector Income Trust has a 1-year low of $14.39 and a 1-year high of $15.98.

BlackRock Multi-Sector Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.1237 per share. This represents a $1.48 annualized dividend and a yield of 10.04%. The ex-dividend date of this dividend is Friday, November 15th.

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.