BlackRock Income Trust, Inc. (NYSE:BKT) Short Interest Update

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

Hedge Funds Weigh In On BlackRock Income Trust

A number of large investors have recently made changes to their positions in BKT. Choreo LLC acquired a new position in shares of BlackRock Income Trust in the second quarter worth $233,000. Canal Capital Management LLC grew its stake 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 purchasing an additional 2,632 shares in the last quarter. Arkadios Wealth Advisors grew its stake in BlackRock Income Trust by 4.2% in the third quarter. Arkadios Wealth Advisors now owns 43,779 shares of the company’s stock valued at $544,000 after purchasing an additional 1,780 shares in the last quarter. Thrivent Financial for Lutherans increased its position in BlackRock Income Trust by 34.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 66,493 shares of the company’s stock worth $826,000 after purchasing an additional 17,000 shares during the last quarter. Finally, Melfa Wealth Management Inc. raised its stake in shares of BlackRock Income Trust by 1.3% during the 3rd quarter. Melfa Wealth Management Inc. now owns 374,393 shares of the company’s stock worth $4,654,000 after purchasing an additional 4,896 shares in the last quarter. Institutional investors and hedge funds own 39.43% of the company’s stock.

BlackRock Income Trust Stock Performance

Shares of BKT stock traded up $0.07 on Friday, reaching $11.64. 31,391 shares of the company’s stock traded hands, compared to its average volume of 55,728. BlackRock Income Trust has a 12-month low of $11.06 and a 12-month high of $12.67. The business’s 50 day moving average price is $11.71 and its two-hundred day moving average price is $12.05.

BlackRock Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.0882 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.06 annualized dividend and a yield of 9.10%.

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.