BlackRock 2022 Global Income Opportunity Trust (NYSE:BGIO) Sees Large Growth in Short Interest


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BlackRock 2022 Global Income Opportunity Trust (NYSE:BGIO) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 6,600 shares, an increase of 500.0% from the December 15th total of 1,100 shares. Based on an average trading volume of 45,600 shares, the days-to-cover ratio is presently 0.1 days.

Shares of NYSE:BGIO opened at $9.05 on Thursday. The firm’s 50 day moving average price is $8.95 and its 200 day moving average price is $8.65. BlackRock 2022 Global Income Opportunity Trust has a fifty-two week low of $5.66 and a fifty-two week high of $9.95.

The company also recently announced a monthly dividend, which was paid on Monday, January 11th. Investors of record on Thursday, December 31st were issued a $0.05 dividend. The ex-dividend date was Wednesday, December 30th. This represents a $0.60 annualized dividend and a yield of 6.63%.

In other news, Portfolio Manager Richard M. Rieder bought 26,214 shares of BlackRock 2022 Global Income Opportunity Trust stock in a transaction that occurred on Wednesday, December 9th. The shares were purchased at an average price of $8.95 per share, with a total value of $234,615.30. Following the completion of the acquisition, the portfolio manager now directly owns 322,199 shares in the company, valued at $2,883,681.05. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

A number of large investors have recently modified their holdings of the stock. Bank of America Corp DE raised its holdings in BlackRock 2022 Global Income Opportunity Trust by 24.2% during the second quarter. Bank of America Corp DE now owns 507,754 shares of the company’s stock worth $4,240,000 after purchasing an additional 99,062 shares in the last quarter. LPL Financial LLC acquired a new stake in BlackRock 2022 Global Income Opportunity Trust during the third quarter worth approximately $669,000. Punch & Associates Investment Management Inc. raised its holdings in BlackRock 2022 Global Income Opportunity Trust by 6.7% during the third quarter. Punch & Associates Investment Management Inc. now owns 497,553 shares of the company’s stock worth $4,304,000 after purchasing an additional 31,264 shares in the last quarter. Morgan Stanley raised its holdings in BlackRock 2022 Global Income Opportunity Trust by 1.6% during the third quarter. Morgan Stanley now owns 1,867,290 shares of the company’s stock worth $16,152,000 after purchasing an additional 28,577 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in BlackRock 2022 Global Income Opportunity Trust by 16.2% during the second quarter. Stifel Financial Corp now owns 105,983 shares of the company’s stock worth $885,000 after purchasing an additional 14,769 shares in the last quarter.

About BlackRock 2022 Global Income Opportunity Trust

BlackRock 2022 Global Income Opportunity Trust is a closed ended fixed income launched by BlackRock, Inc The fund is co-managed by BlackRock Advisors, LLC, BlackRock International Limited, and BlackRock (Singapore) Limited. It invests primarily in fixed income markets across the globe. The fund benchmarks the performance of its portfolio against the Bloomberg Barclays 1-3 Month U.S.

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