BlackRock Income Trust, Inc. (NYSE:BKT) Short Interest Up 12.3% in January

BlackRock Income Trust, Inc. (NYSE:BKT) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 49,400 shares, an increase of 12.3% from the December 31st total of 44,000 shares. Based on an average trading volume of 61,200 shares, the days-to-cover ratio is currently 0.8 days.

BlackRock Income Trust Price Performance

BKT stock traded down $0.10 during trading on Monday, hitting $11.53. 238,080 shares of the company’s stock traded hands, compared to its average volume of 61,775. BlackRock Income Trust has a 52 week low of $11.06 and a 52 week high of $12.67. The business has a fifty day simple moving average of $11.67 and a 200 day simple moving average of $12.02.

BlackRock Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were issued a dividend of $0.0882 per share. This represents a $1.06 annualized dividend and a yield of 9.18%. The ex-dividend date of this dividend was Wednesday, January 15th.

Institutional Trading of BlackRock Income Trust

A number of institutional investors have recently modified their holdings of BKT. Fortitude Advisory Group L.L.C. raised its position in BlackRock Income Trust by 7.1% during the 4th quarter. Fortitude Advisory Group L.L.C. now owns 24,457 shares of the company’s stock worth $282,000 after buying an additional 1,617 shares during the last quarter. Arkadios Wealth Advisors boosted 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 valued at $544,000 after acquiring an additional 1,780 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of BlackRock Income Trust by 19.3% during the 4th quarter. Concurrent Investment Advisors LLC now owns 13,641 shares of the company’s stock valued at $157,000 after acquiring an additional 2,206 shares during the last quarter. Canal Capital Management LLC lifted its position in BlackRock Income Trust by 13.6% in the third quarter. Canal Capital Management LLC now owns 21,964 shares of the company’s stock valued at $273,000 after buying an additional 2,632 shares during the last quarter. Finally, Melfa Wealth Management Inc. boosted its stake in BlackRock Income Trust by 1.3% during the third quarter. Melfa Wealth Management Inc. now owns 374,393 shares of the company’s stock worth $4,654,000 after buying an additional 4,896 shares during the period. 39.43% of the stock is currently owned by institutional investors.

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.