Short Interest in BlackRock Multi-Sector Income Trust (NYSE:BIT) Grows By 23.0%

BlackRock Multi-Sector Income Trust (NYSE:BIT) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 97,900 shares, a growth of 23.0% from the October 31st total of 79,600 shares. Based on an average daily volume of 143,900 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of BlackRock Multi-Sector Income Trust

Several large investors have recently added to or reduced their stakes in the stock. Cyndeo Wealth Partners LLC grew its holdings in BlackRock Multi-Sector Income Trust by 21.6% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 437,880 shares of the investment management company’s stock worth $6,656,000 after acquiring an additional 77,672 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in BlackRock Multi-Sector Income Trust by 45.0% in the second quarter. Envestnet Asset Management Inc. now owns 205,703 shares of the investment management company’s stock worth $2,999,000 after purchasing an additional 63,811 shares in the last quarter. Raymond James & Associates increased its holdings in shares of BlackRock Multi-Sector Income Trust by 14.2% in the 3rd quarter. Raymond James & Associates now owns 196,029 shares of the investment management company’s stock valued at $2,980,000 after acquiring an additional 24,447 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of BlackRock Multi-Sector Income Trust by 17.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 133,182 shares of the investment management company’s stock worth $2,024,000 after buying an additional 20,000 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in BlackRock Multi-Sector Income Trust by 10.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 120,937 shares of the investment management company’s stock valued at $1,763,000 after acquiring an additional 11,605 shares during the period.

BlackRock Multi-Sector Income Trust Stock Up 0.3 %

Shares of NYSE:BIT traded up $0.05 during trading on Monday, reaching $14.68. 163,157 shares of the stock were exchanged, compared to its average volume of 114,426. The firm’s 50-day moving average price is $14.86 and its 200 day moving average price is $14.81. BlackRock Multi-Sector Income Trust has a 12-month low of $14.39 and a 12-month high of $15.98.

BlackRock Multi-Sector Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a dividend of $0.1237 per share. The ex-dividend date was Friday, November 15th. This represents a $1.48 dividend on an annualized basis and a yield of 10.11%.

About BlackRock Multi-Sector Income Trust

BlackRock Multi-Sector Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. The fund invests in fixed income markets. It invests primarily in loan and debt instruments and other investments with similar economic characteristic.