BlackRock Multi-Sector Income Trust (NYSE:BIT) Sees Significant Growth in Short Interest

BlackRock Multi-Sector Income Trust (NYSE:BIT) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 219,675 shares, a growth of 76.1% from the May 31st total of 124,757 shares. Based on an average trading volume of 257,685 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BIT. World Investment Advisors boosted its position in BlackRock Multi-Sector Income Trust by 9.4% in the 4th quarter. World Investment Advisors now owns 12,660 shares of the investment management company’s stock valued at $152,000 after buying an additional 1,084 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of BlackRock Multi-Sector Income Trust by 1.6% during the third quarter. NewEdge Advisors LLC now owns 85,795 shares of the investment management company’s stock worth $1,149,000 after acquiring an additional 1,366 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of BlackRock Multi-Sector Income Trust by 1.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 119,506 shares of the investment management company’s stock worth $1,561,000 after acquiring an additional 1,566 shares during the last quarter. Comerica Bank lifted its stake in shares of BlackRock Multi-Sector Income Trust by 24.0% during the fourth quarter. Comerica Bank now owns 8,619 shares of the investment management company’s stock valued at $113,000 after acquiring an additional 1,669 shares during the period. Finally, &PARTNERS lifted its stake in shares of BlackRock Multi-Sector Income Trust by 16.0% during the fourth quarter. &PARTNERS now owns 14,594 shares of the investment management company’s stock valued at $191,000 after acquiring an additional 2,009 shares during the period.

BlackRock Multi-Sector Income Trust Trading Up 0.0%

Shares of BIT stock opened at $12.50 on Friday. BlackRock Multi-Sector Income Trust has a 1 year low of $12.20 and a 1 year high of $15.12. The firm’s 50 day moving average is $12.54 and its 200-day moving average is $12.82.

BlackRock Multi-Sector Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.1237 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.9%.

About BlackRock Multi-Sector Income Trust

BlackRock Multi-Sector Income Trust (NYSE:BIT) is a closed-end management investment company sponsored by BlackRock, Inc The trust seeks to provide high current income and total return by investing across a broad range of income-producing sectors. It trades on the New York Stock Exchange under the ticker symbol BIT and is managed by BlackRock Advisors, LLC.

The trust’s portfolio is diversified across multiple sectors of the fixed-income market, including investment-grade corporate bonds, high-yield corporate debt, U.S.