BlackRock Income Trust, Inc. (NYSE:BKT) Short Interest Update

BlackRock Income Trust, Inc. (NYSE:BKT) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totalling 34,100 shares, a decrease of 7.6% from the August 31st total of 36,900 shares. Based on an average trading volume of 62,900 shares, the short-interest ratio is currently 0.5 days.

BlackRock Income Trust Trading Up 0.6 %

Shares of BKT traded up $0.08 during mid-day trading on Tuesday, reaching $12.51. The company’s stock had a trading volume of 58,394 shares, compared to its average volume of 63,289. The company’s 50 day moving average is $12.36 and its 200 day moving average is $11.92. BlackRock Income Trust has a 12-month low of $10.55 and a 12-month high of $12.67.

BlackRock Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.0882 per share. This represents a $1.06 annualized dividend and a yield of 8.46%. The ex-dividend date of this dividend is Tuesday, October 15th.

Hedge Funds Weigh In On BlackRock Income Trust

Several institutional investors have recently added to or reduced their stakes in BKT. Arkadios Wealth Advisors grew its position in BlackRock Income Trust by 10.4% in the 1st quarter. Arkadios Wealth Advisors now owns 42,141 shares of the company’s stock valued at $501,000 after buying an additional 3,978 shares during the last quarter. DT Investment Partners LLC purchased a new stake in shares of BlackRock Income Trust in the second quarter valued at about $103,000. WMG Financial Advisors LLC raised its holdings in BlackRock Income Trust by 66.5% during the second quarter. WMG Financial Advisors LLC now owns 24,495 shares of the company’s stock worth $292,000 after purchasing an additional 9,779 shares in the last quarter. Canal Capital Management LLC purchased a new stake in BlackRock Income Trust in the 2nd quarter valued at approximately $231,000. Finally, Choreo LLC purchased a new position in shares of BlackRock Income Trust during the 2nd quarter worth approximately $233,000. Institutional investors and hedge funds own 39.43% of the company’s stock.

About BlackRock Income Trust

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.