Short Interest in Blackrock Income Trust (NYSE:BKT) Rises By 31.1%

Blackrock Income Trust (NYSE:BKT) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 104,423 shares, a growth of 31.1% from the January 15th total of 79,623 shares. Based on an average daily volume of 128,808 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 128,808 shares, the short-interest ratio is currently 0.8 days.

Blackrock Income Trust Trading Down 0.0%

Shares of BKT traded down $0.01 during midday trading on Tuesday, hitting $11.12. 134,353 shares of the company traded hands, compared to its average volume of 117,733. Blackrock Income Trust has a one year low of $10.85 and a one year high of $12.11. The stock has a 50-day moving average of $11.08 and a 200-day moving average of $11.26.

Blackrock Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $0.0882 dividend. This represents a c) annualized dividend and a yield of 9.5%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Investors Weigh In On Blackrock Income Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Sit Investment Associates Inc. grew its position in Blackrock Income Trust by 9.4% during the fourth quarter. Sit Investment Associates Inc. now owns 5,050,211 shares of the company’s stock worth $55,754,000 after buying an additional 435,016 shares in the last quarter. Nomura Holdings Inc. purchased a new position in shares of Blackrock Income Trust during the third quarter worth about $2,957,000. Rock Point Advisors LLC increased its position in shares of Blackrock Income Trust by 171.3% in the fourth quarter. Rock Point Advisors LLC now owns 250,023 shares of the company’s stock worth $2,760,000 after purchasing an additional 157,850 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Blackrock Income Trust in the fourth quarter valued at approximately $1,384,000. Finally, Guggenheim Capital LLC lifted its position in Blackrock Income Trust by 11.9% during the second quarter. Guggenheim Capital LLC now owns 1,053,326 shares of the company’s stock valued at $12,377,000 after purchasing an additional 112,201 shares during the last quarter. Hedge funds and other institutional investors own 39.43% of the company’s stock.

About Blackrock Income Trust

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.