Blackrock Income Trust (NYSE:BKT) Short Interest Update

Blackrock Income Trust (NYSE:BKT) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 131,936 shares, a growth of 149.2% from the July 30th total of 52,944 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 142,310 shares, the days-to-cover ratio is presently 0.9 days.

Blackrock Income Trust Stock Up 0.1%

Shares of BKT stock opened at $10.35 on Friday. Blackrock Income Trust has a 1-year low of $10.16 and a 1-year high of $11.86. The stock has a 50 day simple moving average of $10.46 and a 200-day simple moving average of $10.62.

Blackrock Income Trust Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 10.2%.

Institutional Trading of Blackrock Income Trust

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sit Investment Associates Inc. lifted its stake in Blackrock Income Trust by 9.4% in the 4th quarter. Sit Investment Associates Inc. now owns 5,050,211 shares of the company’s stock valued at $55,754,000 after buying an additional 435,016 shares in the last quarter. Advocacy Wealth Management LLC purchased a new stake in shares of Blackrock Income Trust in the second quarter valued at approximately $59,361,000. Guggenheim Capital LLC lifted its position in Blackrock Income Trust by 3.3% during the fourth quarter. Guggenheim Capital LLC now owns 1,239,012 shares of the company’s stock worth $13,679,000 after buying an additional 39,123 shares in the last quarter. Raymond James Financial Inc. boosted its stake in Blackrock Income Trust by 6.7% during the second quarter. Raymond James Financial Inc. now owns 1,235,387 shares of the company’s stock worth $14,516,000 after buying an additional 77,724 shares during the last quarter. Finally, Rivernorth Capital Management LLC acquired a new position in Blackrock Income Trust during the fourth quarter worth $9,462,000. Hedge funds and other institutional investors 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.