BlackRock Income Trust, Inc. (NYSE:BKT) Short Interest Down 7.6% in September

BlackRock Income Trust, Inc. (NYSE:BKT) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 34,100 shares, a decrease of 7.6% from the August 31st total of 36,900 shares. Based on an average daily trading volume, of 62,900 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BKT. DT Investment Partners LLC purchased a new stake in BlackRock Income Trust during the 2nd quarter worth approximately $103,000. Canal Capital Management LLC acquired a new stake in BlackRock Income Trust during the 2nd quarter worth $231,000. Choreo LLC purchased a new stake in shares of BlackRock Income Trust during the second quarter worth $233,000. WMG Financial Advisors LLC raised its position in shares of BlackRock Income Trust by 66.5% in the second quarter. WMG Financial Advisors LLC now owns 24,495 shares of the company’s stock valued at $292,000 after buying an additional 9,779 shares during the last quarter. Finally, Accuvest Global Advisors purchased a new position in shares of BlackRock Income Trust in the fourth quarter worth about $330,000. 39.43% of the stock is owned by hedge funds and other institutional investors.

BlackRock Income Trust Price Performance

BlackRock Income Trust stock traded up $0.08 during trading on Tuesday, reaching $12.51. The company had a trading volume of 58,394 shares, compared to its average volume of 63,289. The firm’s 50-day simple moving average is $12.36 and its 200 day simple moving average is $11.92. BlackRock Income Trust has a 1-year low of $10.55 and a 1-year high of $12.67.

BlackRock Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.0882 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 8.46%.

BlackRock Income Trust Company Profile

BlackRock Income Trust, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in securities of companies that operate across diversified sectors. It invests in securities such as U.S.