Blackrock Income Trust (NYSE:BKT) Short Interest Down 54.8% in December

Blackrock Income Trust (NYSE:BKT) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 21,945 shares, a decline of 54.8% from the December 15th total of 48,565 shares. Based on an average daily volume of 176,790 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 176,790 shares, the short-interest ratio is presently 0.1 days.

Blackrock Income Trust Stock Down 0.1%

Shares of NYSE:BKT traded down $0.02 during mid-day trading on Friday, reaching $11.12. 150,757 shares of the stock were exchanged, compared to its average volume of 160,836. The stock’s 50 day simple moving average is $11.05 and its 200-day simple moving average is $11.35. Blackrock Income Trust has a one year low of $10.85 and a one year high of $12.11.

Blackrock Income Trust Announces Dividend

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

Institutional Trading of Blackrock Income Trust

A number of institutional investors have recently made changes to their positions in the business. Uhlmann Price Securities LLC acquired a new position in Blackrock Income Trust during the fourth quarter worth $113,000. Comerica Bank lifted its position in Blackrock Income Trust by 43.0% during the 3rd quarter. Comerica Bank now owns 10,533 shares of the company’s stock worth $118,000 after buying an additional 3,166 shares in the last quarter. M Holdings Securities Inc. acquired a new position in shares of Blackrock Income Trust during the 2nd quarter worth about $213,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Blackrock Income Trust by 63.9% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 19,642 shares of the company’s stock valued at $231,000 after acquiring an additional 7,660 shares in the last quarter. Finally, TrueMark Investments LLC bought a new position in shares of Blackrock Income Trust in the 4th quarter valued at about $221,000. Institutional investors own 39.43% of the company’s stock.

Blackrock Income Trust Company Profile

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.