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

Blackrock Income Trust (NYSE:BKT) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 55,985 shares, a decrease of 35.8% from the May 31st total of 87,194 shares. Based on an average daily trading volume, of 106,324 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

Blackrock Income Trust Trading Up 0.2%

Blackrock Income Trust stock traded up $0.02 during mid-day trading on Thursday, reaching $10.66. The company had a trading volume of 12,519 shares, compared to its average volume of 114,063. Blackrock Income Trust has a 1 year low of $10.21 and a 1 year high of $11.86. The stock’s 50-day simple moving average is $10.53 and its 200-day simple moving average is $10.81.

Blackrock Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.0882 per share. This represents a c) dividend on an annualized basis and a yield of 9.9%. The ex-dividend date is Tuesday, September 15th.

Institutional Trading of Blackrock Income Trust

Several large investors have recently bought and sold shares of BKT. Sankala Group LLC acquired a new position in shares of Blackrock Income Trust during the 4th quarter worth $46,000. Uhlmann Price Securities LLC acquired a new stake in Blackrock Income Trust in the 4th quarter valued at about $113,000. Comerica Bank increased its holdings in Blackrock Income Trust by 43.0% during the 3rd quarter. Comerica Bank now owns 10,533 shares of the company’s stock valued at $118,000 after acquiring an additional 3,166 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Blackrock Income Trust during the 1st quarter valued at about $120,000. Finally, Commonwealth Equity Services LLC purchased a new position in Blackrock Income Trust during the 4th quarter valued at about $134,000. Institutional investors and hedge funds 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.