BlackRock Income Trust, Inc. (NYSE:BKT) Short Interest Up 9.3% in November

BlackRock Income Trust, Inc. (NYSE:BKT) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 47,000 shares, a growth of 9.3% from the October 31st total of 43,000 shares. Based on an average trading volume of 61,600 shares, the short-interest ratio is currently 0.8 days.

BlackRock Income Trust Trading Up 0.4 %

BKT traded up $0.05 during trading on Wednesday, hitting $12.03. The company had a trading volume of 46,609 shares, compared to its average volume of 61,638. BlackRock Income Trust has a 1-year low of $11.06 and a 1-year high of $12.67. The business has a 50-day moving average of $12.06 and a 200-day moving average of $12.07.

BlackRock Income Trust Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.0882 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.06 dividend on an annualized basis and a yield of 8.80%.

Institutional Investors Weigh In On BlackRock Income Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James & Associates lifted its position in BlackRock Income Trust by 39.2% in the second quarter. Raymond James & Associates now owns 395,569 shares of the company’s stock worth $4,719,000 after purchasing an additional 111,364 shares during the period. International Assets Investment Management LLC acquired a new stake in BlackRock Income Trust in the third quarter worth about $13,380,000. Choreo LLC acquired a new stake in BlackRock Income Trust in the second quarter worth about $233,000. Canal Capital Management LLC acquired a new position in shares of BlackRock Income Trust during the 2nd quarter worth about $231,000. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of BlackRock Income Trust by 34.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 66,493 shares of the company’s stock valued at $826,000 after purchasing an additional 17,000 shares in the last quarter. 39.43% of the stock is owned by institutional investors and hedge funds.

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.