BlackRock Multi-Sector Income Trust (NYSE:BIT) Short Interest Update

BlackRock Multi-Sector Income Trust (NYSE:BIT) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 40,700 shares, a drop of 67.5% from the December 15th total of 125,400 shares. Based on an average trading volume of 159,800 shares, the short-interest ratio is currently 0.3 days.

BlackRock Multi-Sector Income Trust Stock Performance

BIT stock traded up $0.02 during midday trading on Monday, hitting $14.69. 263,264 shares of the stock were exchanged, compared to its average volume of 158,709. BlackRock Multi-Sector Income Trust has a fifty-two week low of $14.22 and a fifty-two week high of $15.98. The stock’s 50-day moving average price is $14.63 and its 200-day moving average price is $14.76.

BlackRock Multi-Sector Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $0.1237 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $1.48 annualized dividend and a dividend yield of 10.11%.

Institutional Investors Weigh In On BlackRock Multi-Sector Income Trust

A number of large investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC acquired a new stake in shares of BlackRock Multi-Sector Income Trust in the third quarter valued at approximately $241,000. Shaker Financial Services LLC purchased a new position in BlackRock Multi-Sector Income Trust during the third quarter worth $682,000. Janney Montgomery Scott LLC increased its position in BlackRock Multi-Sector Income Trust by 6.1% during the third quarter. Janney Montgomery Scott LLC now owns 57,678 shares of the investment management company’s stock worth $877,000 after buying an additional 3,325 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of BlackRock Multi-Sector Income Trust by 4.5% in the second quarter. NewEdge Advisors LLC now owns 72,704 shares of the investment management company’s stock worth $1,060,000 after acquiring an additional 3,140 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of BlackRock Multi-Sector Income Trust by 11.5% in the second quarter. Private Advisor Group LLC now owns 90,760 shares of the investment management company’s stock valued at $1,323,000 after acquiring an additional 9,341 shares in the last quarter.

BlackRock Multi-Sector Income Trust Company Profile

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.