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BlackRock Income Trust, Inc. (NYSE:BKT) Short Interest Up 12.3% in January

BlackRock Income Trust logo with Finance background

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

BlackRock Income Trust Stock Performance

Shares of BKT traded up $0.01 during midday trading on Friday, hitting $11.82. The stock had a trading volume of 45,819 shares, compared to its average volume of 64,397. The company has a 50 day simple moving average of $11.66 and a two-hundred day simple moving average of $12.02. BlackRock Income Trust has a twelve month low of $11.06 and a twelve month high of $12.67.

BlackRock Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.0882 dividend. This represents a $1.06 annualized dividend and a yield of 8.95%. The ex-dividend date of this dividend is Friday, February 14th.

Hedge Funds Weigh In On BlackRock Income Trust

A number of large investors have recently bought and sold shares of BKT. BDF Gestion bought a new stake in shares of BlackRock Income Trust in the fourth quarter worth $67,000. Concurrent Investment Advisors LLC grew its position in BlackRock Income Trust by 19.3% in the fourth quarter. Concurrent Investment Advisors LLC now owns 13,641 shares of the company's stock valued at $157,000 after purchasing an additional 2,206 shares in the last quarter. 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 valued at $273,000 after buying an additional 2,632 shares during the last quarter. Fortitude Advisory Group L.L.C. lifted its position in BlackRock Income Trust by 7.1% during the 4th quarter. Fortitude Advisory Group L.L.C. now owns 24,457 shares of the company's stock worth $282,000 after buying an additional 1,617 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in shares of 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 last quarter. Institutional investors and hedge funds own 39.43% of the company's stock.

BlackRock Income Trust Company Profile

(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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