BlackRock Multi-Sector Income Trust (NYSE:BIT) Stock Short Interest Report for September

BlackRock Multi-Sector Income Trust (NYSE:BIT) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 90,158 shares, a decline of 64.6% from the September 15th total of 254,922 shares. Based on an average daily volume of 560,297 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC purchased a new position in shares of BlackRock Multi-Sector Income Trust during the first quarter valued at about $4,664,000. 1607 Capital Partners LLC bought a new stake in BlackRock Multi-Sector Income Trust during the 4th quarter valued at approximately $2,166,000. Cetera Investment Advisers grew its holdings in shares of BlackRock Multi-Sector Income Trust by 8.9% during the 1st quarter. Cetera Investment Advisers now owns 171,663 shares of the investment management company’s stock worth $2,149,000 after acquiring an additional 14,006 shares during the period. Rareview Capital LLC grew its holdings in shares of BlackRock Multi-Sector Income Trust by 9.7% during the 2nd quarter. Rareview Capital LLC now owns 162,069 shares of the investment management company’s stock worth $2,029,000 after acquiring an additional 14,306 shares during the period. Finally, Beta Wealth Group Inc. bought a new position in shares of BlackRock Multi-Sector Income Trust in the 4th quarter worth approximately $1,862,000.

BlackRock Multi-Sector Income Trust Trading Up 0.1%

BIT stock traded up $0.01 during mid-day trading on Tuesday, hitting $11.25. 411,553 shares of the stock were exchanged, compared to its average volume of 318,680. The business has a fifty day moving average price of $11.73 and a 200 day moving average price of $12.23. BlackRock Multi-Sector Income Trust has a 12 month low of $11.03 and a 12 month high of $13.44.

BlackRock Multi-Sector Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be paid a $0.1237 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 13.2%. The ex-dividend date of this dividend is Friday, December 11th.

About BlackRock Multi-Sector Income Trust

BlackRock Multi-Sector Income Trust (NYSE:BIT) is a closed-end management investment company advised by BlackRock Advisors, LLC. The Trust seeks to provide a high level of current income, with capital appreciation as a secondary objective.

The Trust invests in a diversified, actively managed portfolio of fixed-income securities and other income-producing assets. Its investments may include corporate bonds, government and agency securities, mortgage-backed and asset-backed securities, bank loans, emerging-market debt, and other credit-related instruments.