Blackrock Income Trust (NYSE:BKT) Short Interest Down 51.7% in February

Blackrock Income Trust (NYSE:BKT) was the target of a significant decline in short interest in February. As of February 13th, there was short interest totaling 50,418 shares, a decline of 51.7% from the January 29th total of 104,423 shares. Based on an average daily trading volume, of 121,734 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 121,734 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Blackrock Income Trust

Several hedge funds have recently modified their holdings of BKT. Guggenheim Capital LLC grew its stake in shares of Blackrock Income Trust by 11.9% during the 2nd quarter. Guggenheim Capital LLC now owns 1,053,326 shares of the company’s stock valued at $12,377,000 after buying an additional 112,201 shares during the period. Sit Investment Associates Inc. boosted its holdings in Blackrock Income Trust by 9.4% in the fourth quarter. Sit Investment Associates Inc. now owns 5,050,211 shares of the company’s stock valued at $55,754,000 after acquiring an additional 435,016 shares during the last quarter. Rock Point Advisors LLC grew its position in Blackrock Income Trust by 171.3% during the fourth quarter. Rock Point Advisors LLC now owns 250,023 shares of the company’s stock valued at $2,760,000 after acquiring an additional 157,850 shares during the period. Rareview Capital LLC grew its position in Blackrock Income Trust by 394.6% during the fourth quarter. Rareview Capital LLC now owns 132,356 shares of the company’s stock valued at $1,555,000 after acquiring an additional 105,594 shares during the period. Finally, Ramiah Investment Group acquired a new stake in Blackrock Income Trust during the fourth quarter worth about $457,000. 39.43% of the stock is owned by institutional investors and hedge funds.

Blackrock Income Trust Stock Performance

Shares of NYSE BKT opened at $11.16 on Friday. Blackrock Income Trust has a 1 year low of $10.85 and a 1 year high of $12.11. The firm’s 50 day moving average price is $11.09 and its 200 day moving average price is $11.24.

Blackrock Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $0.0882 per share. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a yield of 9.5%.

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.