Short Interest in BlackRock Income Trust, Inc. (NYSE:BKT) Drops By 7.6%

BlackRock Income Trust, Inc. (NYSE:BKT) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 34,100 shares, a decrease of 7.6% from the August 31st total of 36,900 shares. Based on an average daily volume of 62,900 shares, the days-to-cover ratio is presently 0.5 days.

BlackRock Income Trust Price Performance

Shares of NYSE BKT traded up $0.10 during mid-day trading on Tuesday, hitting $12.53. 74,793 shares of the company were exchanged, compared to its average volume of 63,376. The stock has a 50 day simple moving average of $12.36 and a 200-day simple moving average of $11.92. BlackRock Income Trust has a 1-year low of $10.55 and a 1-year high of $12.67.

BlackRock Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a $0.0882 dividend. This represents a $1.06 annualized dividend and a dividend yield of 8.45%. The ex-dividend date is Tuesday, October 15th.

Institutional Inflows and Outflows

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

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.