BlackRock New York Municipal Income Trust (NYSE:BNY) Short Interest Up 58.8% in January

BlackRock New York Municipal Income Trust (NYSE:BNY) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 8,664 shares, a growth of 58.8% from the December 31st total of 5,455 shares. Based on an average trading volume of 43,128 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 43,128 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of BlackRock New York Municipal Income Trust

A number of hedge funds have recently modified their holdings of BNY. Karpus Management Inc. lifted its position in BlackRock New York Municipal Income Trust by 5.1% during the 2nd quarter. Karpus Management Inc. now owns 609,718 shares of the financial services provider’s stock worth $5,896,000 after buying an additional 29,328 shares in the last quarter. Guggenheim Capital LLC raised its holdings in BlackRock New York Municipal Income Trust by 13.3% during the second quarter. Guggenheim Capital LLC now owns 393,370 shares of the financial services provider’s stock worth $3,804,000 after acquiring an additional 46,256 shares in the last quarter. Bank of America Corp DE boosted its position in BlackRock New York Municipal Income Trust by 1.1% during the third quarter. Bank of America Corp DE now owns 234,752 shares of the financial services provider’s stock valued at $2,376,000 after purchasing an additional 2,512 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in BlackRock New York Municipal Income Trust by 9.6% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 186,897 shares of the financial services provider’s stock valued at $1,891,000 after purchasing an additional 16,306 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in BlackRock New York Municipal Income Trust by 7.3% in the second quarter. Rockefeller Capital Management L.P. now owns 147,095 shares of the financial services provider’s stock valued at $1,422,000 after purchasing an additional 10,000 shares in the last quarter.

BlackRock New York Municipal Income Trust Stock Down 0.1%

Shares of NYSE:BNY traded down $0.01 during midday trading on Monday, hitting $10.22. The company had a trading volume of 29,836 shares, compared to its average volume of 44,412. BlackRock New York Municipal Income Trust has a 12 month low of $9.30 and a 12 month high of $10.67. The firm has a fifty day simple moving average of $10.18 and a 200 day simple moving average of $10.01.

BlackRock New York Municipal Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 6th will be given a dividend of $0.051 per share. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Friday, February 6th.

About BlackRock New York Municipal Income Trust

BlackRock New York Municipal Income Trust (NYSE: BNY) is a closed-end management investment company that seeks to provide shareholders with a high level of tax-exempt current income. The trust primarily invests in a diversified portfolio of investment-grade municipal securities issued by the State of New York, the City of New York and various local authorities and public agencies within New York State.

The portfolio typically includes general obligation bonds, revenue bonds, pre-refunded municipal obligations and other fixed-income instruments that offer credit support through dedicated revenue streams or pledged taxing authority.