Short Interest in BlackRock Income Trust, Inc. (NYSE:BKT) Grows By 186.2%

BlackRock Income Trust, Inc. (NYSE:BKT) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 58,100 shares, an increase of 186.2% from the September 30th total of 20,300 shares. Based on an average daily volume of 58,700 shares, the short-interest ratio is presently 1.0 days.

BlackRock Income Trust Trading Up 0.1 %

NYSE BKT opened at $11.99 on Monday. BlackRock Income Trust has a 1-year low of $10.55 and a 1-year high of $12.67. The company has a 50 day moving average of $12.38 and a 200-day moving average of $11.99.

BlackRock Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.0882 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 8.83%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. DT Investment Partners LLC bought a new position in BlackRock Income Trust in the 2nd quarter valued at about $103,000. Canal Capital Management LLC bought a new position in BlackRock Income Trust in the second quarter valued at approximately $231,000. Choreo LLC acquired a new position in BlackRock Income Trust during the second quarter valued at approximately $233,000. WMG Financial Advisors LLC lifted its stake 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 during the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in shares of BlackRock Income Trust by 4.2% in the 3rd quarter. Arkadios Wealth Advisors now owns 43,779 shares of the company’s stock valued at $544,000 after purchasing an additional 1,780 shares in the last quarter. Institutional investors 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.