Short Interest in BlackRock Multi-Sector Income Trust (NYSE:BIT) Declines By 39.4%

BlackRock Multi-Sector Income Trust (NYSE:BIT) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 96,900 shares, a decrease of 39.4% from the January 15th total of 159,900 shares. Based on an average daily volume of 178,600 shares, the days-to-cover ratio is currently 0.5 days.

BlackRock Multi-Sector Income Trust Trading Down 0.5 %

Shares of BlackRock Multi-Sector Income Trust stock opened at $14.75 on Friday. The business’s 50-day moving average price is $14.63 and its 200-day moving average price is $14.78. BlackRock Multi-Sector Income Trust has a 12 month low of $14.22 and a 12 month high of $15.98.

BlackRock Multi-Sector Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.1237 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.48 annualized dividend and a dividend yield of 10.06%.

Hedge Funds Weigh In On BlackRock Multi-Sector Income Trust

Several institutional investors have recently modified their holdings of the company. LPL Financial LLC grew its position in BlackRock Multi-Sector Income Trust by 15.3% during the 4th quarter. LPL Financial LLC now owns 582,721 shares of the investment management company’s stock worth $8,508,000 after acquiring an additional 77,324 shares during the last quarter. Cyndeo Wealth Partners LLC grew its position in BlackRock Multi-Sector Income Trust by 28.8% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 563,880 shares of the investment management company’s stock worth $8,233,000 after acquiring an additional 126,000 shares during the last quarter. Raymond James Financial Inc. bought a new position in BlackRock Multi-Sector Income Trust during the 4th quarter worth approximately $4,100,000. Raymond James & Associates grew its position in BlackRock Multi-Sector Income Trust by 14.2% during the 3rd quarter. Raymond James & Associates now owns 196,029 shares of the investment management company’s stock worth $2,980,000 after acquiring an additional 24,447 shares during the last quarter. Finally, GraniteShares Advisors LLC bought a new position in BlackRock Multi-Sector Income Trust during the 4th quarter worth approximately $2,464,000.

BlackRock Multi-Sector Income Trust Company Profile

BlackRock Multi-Sector Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. The fund invests in fixed income markets. It invests primarily in loan and debt instruments and other investments with similar economic characteristic.