BlackRock New York Municipal Income Trust (NYSE:BNY) Short Interest Down 21.8% in January

BlackRock New York Municipal Income Trust (NYSE:BNY) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 25,900 shares, a decline of 21.8% from the December 31st total of 33,100 shares. Based on an average daily trading volume, of 63,700 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On BlackRock New York Municipal Income Trust

A number of institutional investors have recently added to or reduced their stakes in BNY. Cetera Investment Advisers boosted its stake in shares of BlackRock New York Municipal Income Trust by 7.2% during the 2nd quarter. Cetera Investment Advisers now owns 96,357 shares of the financial services provider’s stock valued at $1,032,000 after buying an additional 6,443 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in BlackRock New York Municipal Income Trust in the second quarter valued at $151,000. Pathway Financial Advisers LLC lifted its position in BlackRock New York Municipal Income Trust by 1,000.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 4,829 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 4,390 shares during the last quarter. Focused Wealth Management Inc grew its holdings in BlackRock New York Municipal Income Trust by 0.8% in the 3rd quarter. Focused Wealth Management Inc now owns 118,483 shares of the financial services provider’s stock worth $1,303,000 after buying an additional 978 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its stake in shares of BlackRock New York Municipal Income Trust by 43,133.0% in the third quarter. Wolverine Asset Management LLC now owns 43,233 shares of the financial services provider’s stock worth $476,000 after purchasing an additional 43,133 shares in the last quarter.

BlackRock New York Municipal Income Trust Trading Up 0.3 %

NYSE:BNY traded up $0.04 during mid-day trading on Thursday, hitting $10.40. The company had a trading volume of 19,958 shares, compared to its average volume of 48,106. BlackRock New York Municipal Income Trust has a 1 year low of $10.05 and a 1 year high of $11.10. The business has a fifty day simple moving average of $10.43 and a 200-day simple moving average of $10.67.

BlackRock New York Municipal Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a $0.051 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.61 annualized dividend and a dividend yield of 5.89%.

BlackRock New York Municipal Income Trust Company Profile

BlackRock New York Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in the investment grade municipal bonds exempt from federal income taxes and New York State and New York City personal income taxes.