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

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Invesco Ltd. boosted its holdings in Blackrock Income Trust by 18.2% in the second quarter. Invesco Ltd. now owns 256,017 shares of the company’s stock valued at $3,008,000 after acquiring an additional 39,410 shares during the last quarter. Raymond James Financial Inc. increased 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 acquiring an additional 77,724 shares during the last quarter. Comerica Bank increased its stake in Blackrock Income Trust by 43.0% during the third quarter. Comerica Bank now owns 10,533 shares of the company’s stock worth $118,000 after acquiring an additional 3,166 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of Blackrock Income Trust in the 3rd quarter worth about $2,957,000. Finally, Noble Wealth Management PBC raised its holdings in shares of Blackrock Income Trust by 4,325.0% in the 4th quarter. Noble Wealth Management PBC now owns 44,250 shares of the company’s stock worth $489,000 after purchasing an additional 43,250 shares during the period. 39.43% of the stock is owned by hedge funds and other institutional investors.

Blackrock Income Trust Stock Up 0.2%

NYSE:BKT opened at $10.65 on Friday. Blackrock Income Trust has a fifty-two week low of $10.21 and a fifty-two week high of $11.86. The firm’s 50 day moving average is $10.53 and its two-hundred day moving average is $10.81.

Blackrock Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.0882 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 9.9%.

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.