Blackrock Income Trust (NYSE:BKT) Short Interest Update

Blackrock Income Trust (NYSE:BKT) was the target of a large decrease in short interest in 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. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 106,324 shares, the short-interest ratio is presently 0.5 days.

Blackrock Income Trust Stock Performance

Shares of NYSE:BKT traded up $0.03 during trading on Friday, reaching $10.65. 73,925 shares of the company were exchanged, compared to its average volume of 81,832. The business’s fifty day simple moving average is $10.53 and its 200-day simple moving average is $10.81. Blackrock Income Trust has a 12-month low of $10.21 and a 12-month high of $11.86.

Blackrock Income Trust Dividend Announcement

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

Institutional Investors Weigh In On Blackrock Income Trust

A number of institutional investors and hedge funds have recently bought and sold shares of BKT. First Nebraska Trust Co bought a new position in shares of Blackrock Income Trust during the 1st quarter worth $172,000. Arkadios Wealth Advisors raised its holdings in shares of Blackrock Income Trust by 4.4% in the first quarter. Arkadios Wealth Advisors now owns 43,420 shares of the company’s stock valued at $459,000 after acquiring an additional 1,830 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Blackrock Income Trust by 30.4% in the first quarter. Cetera Investment Advisers now owns 132,363 shares of the company’s stock valued at $1,399,000 after acquiring an additional 30,891 shares in the last quarter. First Trust Advisors LP lifted its stake in Blackrock Income Trust by 231.6% in the first quarter. First Trust Advisors LP now owns 181,020 shares of the company’s stock worth $1,913,000 after acquiring an additional 126,426 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in Blackrock Income Trust by 17.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 147,457 shares of the company’s stock worth $1,559,000 after acquiring an additional 22,123 shares during the period. 39.43% of the stock is owned by institutional investors.

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.