BlackRock Income Trust, Inc. (NYSE:BKT) Sees Large Increase in Short Interest

BlackRock Income Trust, Inc. (NYSE:BKTGet Rating) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 276,500 shares, an increase of 49.0% from the March 15th total of 185,600 shares. Based on an average trading volume of 356,800 shares, the short-interest ratio is presently 0.8 days.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BKT. First Trust Advisors LP raised its holdings in BlackRock Income Trust by 2.3% during the first quarter. First Trust Advisors LP now owns 110,516 shares of the company’s stock worth $658,000 after purchasing an additional 2,450 shares in the last quarter. Citadel Advisors LLC bought a new stake in BlackRock Income Trust during the second quarter worth approximately $86,000. Morgan Stanley raised its holdings in BlackRock Income Trust by 5.4% during the second quarter. Morgan Stanley now owns 2,637,723 shares of the company’s stock worth $16,723,000 after purchasing an additional 134,594 shares in the last quarter. Dynamic Advisor Solutions LLC raised its holdings in BlackRock Income Trust by 19.9% during the third quarter. Dynamic Advisor Solutions LLC now owns 22,085 shares of the company’s stock worth $135,000 after purchasing an additional 3,673 shares in the last quarter. Finally, AE Wealth Management LLC bought a new position in shares of BlackRock Income Trust in the third quarter valued at $77,000. 29.96% of the stock is currently owned by institutional investors.

Shares of BKT remained flat at $$4.96 during mid-day trading on Monday. The stock had a trading volume of 1,008 shares, compared to its average volume of 347,313. The firm’s 50 day simple moving average is $5.06 and its 200-day simple moving average is $5.54. BlackRock Income Trust has a 52 week low of $4.90 and a 52 week high of $6.51.

The firm also recently declared a monthly dividend, which will be paid on Friday, April 29th. Stockholders of record on Thursday, April 14th will be issued a dividend of $0.0344 per share. The ex-dividend date is Wednesday, April 13th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 8.32%.

About BlackRock Income Trust (Get Rating)

BlackRock Income Trust, Inc is a closed-end investment fund. Its investment objective is to provide total return through a combination of current income and capital appreciation. The company was founded on July 31, 1988 and is headquartered in Wilmington, DE.

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