BlackRock Income Trust, Inc. (NYSE:BKT) Sees Significant Growth in Short Interest

BlackRock Income Trust, Inc. (NYSE:BKT - Get Free Report) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 49,400 shares, a growth of 12.3% from the December 15th total of 44,000 shares. Based on an average trading volume of 61,200 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Choreo LLC bought a new stake in shares of BlackRock Income Trust during the 2nd quarter worth $233,000. Canal Capital Management LLC increased its stake in BlackRock Income Trust by 13.6% in the 3rd quarter. Canal Capital Management LLC now owns 21,964 shares of the company's stock worth $273,000 after purchasing an additional 2,632 shares in the last quarter. Arkadios Wealth Advisors raised its holdings in BlackRock Income Trust by 4.2% during the 3rd quarter. Arkadios Wealth Advisors now owns 43,779 shares of the company's stock worth $544,000 after buying an additional 1,780 shares during the period. Thrivent Financial for Lutherans raised its holdings in BlackRock Income Trust by 34.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 66,493 shares of the company's stock worth $826,000 after buying an additional 17,000 shares during the period. Finally, Melfa Wealth Management Inc. lifted its stake in BlackRock Income Trust by 1.3% during the third quarter. Melfa Wealth Management Inc. now owns 374,393 shares of the company's stock valued at $4,654,000 after buying an additional 4,896 shares in the last quarter. Institutional investors own 39.43% of the company's stock.

BlackRock Income Trust Stock Performance

Shares of NYSE:BKT traded up $0.07 during trading hours on Friday, hitting $11.64. 31,391 shares of the company's stock traded hands, compared to its average volume of 55,728. The company's fifty day simple moving average is $11.71 and its two-hundred day simple moving average is $12.05. BlackRock Income Trust has a 52 week low of $11.06 and a 52 week high of $12.67.

BlackRock Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a dividend of $0.0882 per share. This represents a $1.06 dividend on an annualized basis and a yield of 9.10%. The ex-dividend date is Wednesday, January 15th.

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.

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