BlackRock Income Trust, Inc. (NYSE:BKT) Short Interest Up 20.6% in August

BlackRock Income Trust, Inc. (NYSE:BKT) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 36,900 shares, an increase of 20.6% from the August 15th total of 30,600 shares. Based on an average daily volume of 58,000 shares, the short-interest ratio is presently 0.6 days.

BlackRock Income Trust Stock Performance

Shares of BKT remained flat at $12.59 during mid-day trading on Tuesday. The stock had a trading volume of 61,779 shares, compared to its average volume of 62,819. BlackRock Income Trust has a fifty-two week low of $10.55 and a fifty-two week high of $12.67. The stock’s fifty day moving average price is $12.27 and its 200-day moving average price is $11.89.

BlackRock Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.0882 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.06 annualized dividend and a yield of 8.41%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. DT Investment Partners LLC bought a new stake in shares of BlackRock Income Trust in the 2nd quarter worth about $103,000. Canal Capital Management LLC acquired a new position in BlackRock Income Trust in the second quarter valued at about $231,000. Choreo LLC bought a new stake in BlackRock Income Trust during the second quarter worth about $233,000. WMG Financial Advisors LLC grew its stake in BlackRock Income Trust by 66.5% during the second quarter. WMG Financial Advisors LLC now owns 24,495 shares of the company’s stock worth $292,000 after buying an additional 9,779 shares during the last quarter. Finally, Accuvest Global Advisors acquired a new stake in shares of BlackRock Income Trust during the fourth quarter worth approximately $330,000. 39.43% of the stock is owned by institutional investors.

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.