Short Interest in BlackRock New York Municipal Income Trust (NYSE:BNY) Drops By 21.8%

BlackRock New York Municipal Income Trust (NYSE:BNY) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 25,900 shares, a decrease of 21.8% from the December 15th total of 33,100 shares. Based on an average daily trading volume, of 63,700 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On BlackRock New York Municipal Income Trust

Hedge funds have recently added to or reduced their stakes in the business. Pathway Financial Advisers LLC lifted its holdings in BlackRock New York Municipal Income Trust by 1,000.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 4,829 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 4,390 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in BlackRock New York Municipal Income Trust during the 2nd quarter valued at $151,000. Landscape Capital Management L.L.C. acquired a new stake in BlackRock New York Municipal Income Trust during the 3rd quarter valued at $152,000. Horizon Kinetics Asset Management LLC acquired a new stake in BlackRock New York Municipal Income Trust during the 3rd quarter valued at $201,000. Finally, Wolverine Asset Management LLC lifted its holdings in BlackRock New York Municipal Income Trust by 43,133.0% during the 3rd quarter. Wolverine Asset Management LLC now owns 43,233 shares of the financial services provider’s stock valued at $476,000 after purchasing an additional 43,133 shares during the last quarter.

BlackRock New York Municipal Income Trust Trading Up 0.3 %

BlackRock New York Municipal Income Trust stock traded up $0.03 during mid-day trading on Thursday, hitting $10.24. 14,618 shares of the company’s stock traded hands, compared to its average volume of 41,017. The firm has a 50 day simple moving average of $10.50 and a two-hundred day simple moving average of $10.70. BlackRock New York Municipal Income Trust has a fifty-two week low of $10.05 and a fifty-two week high of $11.10.

BlackRock New York Municipal Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.051 per share. This represents a $0.61 annualized dividend and a yield of 5.98%. The ex-dividend date is Wednesday, January 15th.

About BlackRock New York Municipal Income Trust

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.