BlackRock Income Trust, Inc. (NYSE:BKT - Get Free Report) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 92,100 shares, a drop of 22.3% from the February 13th total of 118,600 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 68,000 shares, the short-interest ratio is presently 1.4 days.
Institutional Investors Weigh In On BlackRock Income Trust
Several institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in shares of BlackRock Income Trust during the fourth quarter valued at approximately $12,815,000. Guggenheim Capital LLC raised its position in shares of BlackRock Income Trust by 32.7% during the fourth quarter. Guggenheim Capital LLC now owns 789,229 shares of the company's stock valued at $9,092,000 after buying an additional 194,603 shares during the last quarter. Invesco Ltd. raised its position in shares of BlackRock Income Trust by 19.7% during the fourth quarter. Invesco Ltd. now owns 212,649 shares of the company's stock valued at $2,450,000 after buying an additional 34,937 shares during the last quarter. LPL Financial LLC raised its position in shares of BlackRock Income Trust by 8.6% during the fourth quarter. LPL Financial LLC now owns 162,696 shares of the company's stock valued at $1,874,000 after buying an additional 12,848 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of BlackRock Income Trust by 34.3% during the third quarter. Thrivent Financial for Lutherans now owns 66,493 shares of the company's stock valued at $826,000 after buying an additional 17,000 shares during the last quarter. Institutional investors own 39.43% of the company's stock.
BlackRock Income Trust Price Performance
NYSE BKT traded up $0.06 on Friday, reaching $11.72. 8,722 shares of the stock were exchanged, compared to its average volume of 63,611. BlackRock Income Trust has a one year low of $11.06 and a one year high of $12.67. The company's 50-day simple moving average is $11.67 and its two-hundred day simple moving average is $11.90.
BlackRock Income Trust Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.0882 per share. This represents a $1.06 annualized dividend and a dividend yield of 9.03%. The ex-dividend date is Friday, March 14th.
About BlackRock Income Trust
(
Get Free Report)
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.
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