Blackrock Income Trust (NYSE:BKT) Sees Large Decline in Short Interest

Blackrock Income Trust (NYSE:BKT) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 75,815 shares, a drop of 48.9% from the April 15th total of 148,279 shares. Based on an average daily volume of 89,624 shares, the short-interest ratio is presently 0.8 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers lifted its position in shares of Blackrock Income Trust by 30.4% during the 1st quarter. Cetera Investment Advisers now owns 132,363 shares of the company’s stock valued at $1,399,000 after buying an additional 30,891 shares during the last quarter. First Trust Advisors LP lifted its holdings in Blackrock Income Trust by 231.6% during the 1st quarter. First Trust Advisors LP now owns 181,020 shares of the company’s stock worth $1,913,000 after purchasing an additional 126,426 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Blackrock Income Trust by 17.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 147,457 shares of the company’s stock worth $1,559,000 after purchasing an additional 22,123 shares in the last quarter. Fifth Third Bancorp purchased a new stake in Blackrock Income Trust during the 1st quarter worth about $174,000. Finally, Kestra Advisory Services LLC purchased a new stake in Blackrock Income Trust during the 1st quarter worth about $120,000. Hedge funds and other institutional investors own 39.43% of the company’s stock.

Blackrock Income Trust Trading Up 0.3%

Blackrock Income Trust stock opened at $10.38 on Monday. Blackrock Income Trust has a 12 month low of $10.33 and a 12 month high of $11.86. The business’s 50 day simple moving average is $10.70 and its 200 day simple moving average is $10.95.

Blackrock Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.0882 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend is Monday, June 15th.

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.