BlackRock Multi-Sector Income Trust (NYSE:BIT – Get Free Report) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 62,900 shares, a growth of 212.9% from the September 15th total of 20,100 shares. Based on an average trading volume of 122,300 shares, the short-interest ratio is currently 0.5 days.
Wall Street Analyst Weigh In
Separately, Royal Bank of Canada upgraded BlackRock Multi-Sector Income Trust to a “hold” rating in a research note on Thursday, July 25th.
Read Our Latest Stock Report on BlackRock Multi-Sector Income Trust
Institutional Investors Weigh In On BlackRock Multi-Sector Income Trust
BlackRock Multi-Sector Income Trust Stock Down 0.5 %
BIT traded down $0.08 during trading on Friday, hitting $14.97. The company’s stock had a trading volume of 236,616 shares, compared to its average volume of 108,518. BlackRock Multi-Sector Income Trust has a twelve month low of $13.65 and a twelve month high of $15.98. The business’s fifty day simple moving average is $14.95 and its 200 day simple moving average is $14.99.
BlackRock Multi-Sector Income Trust Dividend Announcement
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 issued a dividend of $0.1237 per share. This represents a $1.48 annualized dividend and a yield of 9.92%. The ex-dividend date of this dividend is Tuesday, October 15th.
About BlackRock Multi-Sector Income Trust
BlackRock Multi-Sector Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. The fund invests in fixed income markets. It invests primarily in loan and debt instruments and other investments with similar economic characteristic.
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