Blackrock Income Trust (NYSE:BKT) Short Interest Down 48.9% in April

Blackrock Income Trust (NYSE:BKT) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 75,815 shares, a decrease of 48.9% from the April 15th total of 148,279 shares. Based on an average daily volume of 89,624 shares, the short-interest ratio is currently 0.8 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Trading of Blackrock Income Trust

A number of large investors have recently added to or reduced their stakes in the company. Sankala Group LLC purchased a new stake in shares of Blackrock Income Trust during the 4th quarter worth approximately $46,000. Uhlmann Price Securities LLC purchased a new position in shares of Blackrock Income Trust in the fourth quarter valued at $113,000. Comerica Bank grew its holdings in shares of Blackrock Income Trust by 43.0% in the third quarter. Comerica Bank now owns 10,533 shares of the company’s stock valued at $118,000 after purchasing an additional 3,166 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Blackrock Income Trust in the first quarter worth $120,000. Finally, Commonwealth Equity Services LLC bought a new stake in Blackrock Income Trust in the fourth quarter worth $134,000. Institutional investors own 39.43% of the company’s stock.

Blackrock Income Trust Trading Down 2.3%

Shares of Blackrock Income Trust stock traded down $0.25 during trading on Friday, reaching $10.38. 204,220 shares of the stock traded hands, compared to its average volume of 99,738. Blackrock Income Trust has a 52-week low of $10.33 and a 52-week high of $11.86. The business has a fifty day simple moving average of $10.70 and a two-hundred day simple moving average of $10.95.

Blackrock Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.0882 per share. This represents a c) annualized dividend and a yield of 10.2%. The ex-dividend date is Monday, June 15th.

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.