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

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

Institutional Investors Weigh In On BlackRock Income Trust

A number of institutional investors have recently added to or reduced their stakes in BKT. DT Investment Partners LLC bought a new stake in shares of BlackRock Income Trust in the 2nd quarter valued at about $103,000. Canal Capital Management LLC bought a new stake in BlackRock Income Trust in the second quarter worth approximately $231,000. Choreo LLC acquired a new position in BlackRock Income Trust in the second quarter valued at approximately $233,000. WMG Financial Advisors LLC boosted its holdings in shares of BlackRock Income Trust by 66.5% during the 2nd quarter. WMG Financial Advisors LLC now owns 24,495 shares of the company’s stock worth $292,000 after buying an additional 9,779 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its position 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 period. 39.43% of the stock is owned by institutional investors.

BlackRock Income Trust Price Performance

NYSE BKT opened at $12.00 on Friday. BlackRock Income Trust has a twelve month low of $10.55 and a twelve month high of $12.67. The business’s fifty day moving average is $12.38 and its 200 day moving average is $11.98.

BlackRock Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.0882 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 8.82%. The ex-dividend date is Tuesday, October 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.