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

BlackRock Income Trust, Inc. (NYSE:BKT) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 44,000 shares, a growth of 105.6% from the November 30th total of 21,400 shares. Based on an average daily trading volume, of 62,200 shares, the short-interest ratio is currently 0.7 days.

BlackRock Income Trust Trading Up 0.1 %

Shares of NYSE:BKT traded up $0.01 on Friday, hitting $11.47. 51,716 shares of the company’s stock were exchanged, compared to its average volume of 62,669. BlackRock Income Trust has a 1-year low of $11.06 and a 1-year high of $12.67. The firm’s 50-day moving average is $11.85 and its 200 day moving average is $12.08.

BlackRock Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 16th were issued a dividend of $0.0882 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.06 dividend on an annualized basis and a yield of 9.23%.

Institutional Trading of BlackRock Income Trust

Several institutional investors have recently modified their holdings of BKT. Canal Capital Management LLC purchased a new stake in BlackRock Income Trust in the second quarter valued at $231,000. Choreo LLC purchased a new stake in shares of BlackRock Income Trust in the 2nd quarter valued at about $233,000. Arkadios Wealth Advisors lifted 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 during the last quarter. Thrivent Financial for Lutherans grew its stake in BlackRock Income Trust by 34.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 66,493 shares of the company’s stock worth $826,000 after buying an additional 17,000 shares during the last quarter. Finally, Melfa Wealth Management Inc. lifted its stake in BlackRock Income Trust by 1.3% in the third quarter. Melfa Wealth Management Inc. now owns 374,393 shares of the company’s stock valued at $4,654,000 after buying an additional 4,896 shares during the last quarter. Hedge funds and other 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.