BlackRock Multi-Sector Income Trust (NYSE:BIT) Sees Large Drop in Short Interest

BlackRock Multi-Sector Income Trust (NYSE:BIT) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 90,000 shares, a decline of 21.3% from the February 13th total of 114,400 shares. Based on an average trading volume of 185,000 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On BlackRock Multi-Sector Income Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of BIT. Geneos Wealth Management Inc. bought a new position in BlackRock Multi-Sector Income Trust during the 4th quarter valued at about $27,000. Spire Wealth Management bought a new stake in BlackRock Multi-Sector Income Trust in the fourth quarter worth $146,000. StoneX Group Inc. purchased a new position in shares of BlackRock Multi-Sector Income Trust in the 4th quarter worth approximately $151,000. EP Wealth Advisors LLC purchased a new position in shares of BlackRock Multi-Sector Income Trust during the fourth quarter worth approximately $170,000. Finally, Concurrent Investment Advisors LLC raised its position in BlackRock Multi-Sector Income Trust by 13.8% during the 4th quarter. Concurrent Investment Advisors LLC now owns 12,190 shares of the investment management company’s stock valued at $178,000 after purchasing an additional 1,479 shares in the last quarter.

BlackRock Multi-Sector Income Trust Stock Down 0.0 %

NYSE BIT traded down $0.01 on Wednesday, reaching $14.43. 143,678 shares of the company’s stock traded hands, compared to its average volume of 140,047. BlackRock Multi-Sector Income Trust has a 12 month low of $14.22 and a 12 month high of $15.98. The stock has a 50-day simple moving average of $14.68 and a 200 day simple moving average of $14.76.

BlackRock Multi-Sector Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.1237 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 10.29%. The ex-dividend date of this dividend is Friday, March 14th.

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.