BlackRock New York Municipal Income Trust (NYSE:BNY) Short Interest Update

BlackRock New York Municipal Income Trust (NYSE:BNY) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 60,600 shares, a decline of 10.0% from the September 30th total of 67,300 shares. Based on an average trading volume of 51,000 shares, the short-interest ratio is presently 1.2 days.

BlackRock New York Municipal Income Trust Price Performance

Shares of BNY opened at $10.65 on Friday. BlackRock New York Municipal Income Trust has a 1-year low of $8.66 and a 1-year high of $11.10. The firm has a fifty day moving average price of $10.85 and a 200 day moving average price of $10.73.

BlackRock New York Municipal Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be given a $0.051 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.61 dividend on an annualized basis and a yield of 5.75%.

Institutional Investors Weigh In On BlackRock New York Municipal Income Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Focused Wealth Management Inc raised its holdings in shares of BlackRock New York Municipal Income Trust by 0.8% in the third quarter. Focused Wealth Management Inc now owns 118,483 shares of the financial services provider’s stock valued at $1,303,000 after buying an additional 978 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in shares of BlackRock New York Municipal Income Trust by 3.9% in the second quarter. Blue Bell Private Wealth Management LLC now owns 42,446 shares of the financial services provider’s stock valued at $455,000 after buying an additional 1,600 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of BlackRock New York Municipal Income Trust by 8.5% in the first quarter. Tidal Investments LLC now owns 31,252 shares of the financial services provider’s stock valued at $331,000 after buying an additional 2,454 shares during the last quarter. Pathway Financial Advisers LLC raised its holdings in shares of BlackRock New York Municipal Income Trust by 1,000.0% in the third quarter. Pathway Financial Advisers LLC now owns 4,829 shares of the financial services provider’s stock valued at $53,000 after buying an additional 4,390 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of BlackRock New York Municipal Income Trust by 7.2% in the second quarter. Cetera Investment Advisers now owns 96,357 shares of the financial services provider’s stock valued at $1,032,000 after buying an additional 6,443 shares during the last quarter.

BlackRock New York Municipal Income Trust Company Profile

BlackRock New York Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in the investment grade municipal bonds exempt from federal income taxes and New York State and New York City personal income taxes.