BlackRock New York Municipal Income Trust (NYSE:BNY) Short Interest Down 24.3% in January

BlackRock New York Municipal Income Trust (NYSE:BNYGet Free Report) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 10,300 shares, a decline of 24.3% from the January 15th total of 13,600 shares. Based on an average daily trading volume, of 61,600 shares, the short-interest ratio is currently 0.2 days.

BlackRock New York Municipal Income Trust Price Performance

BNY stock opened at $10.54 on Tuesday. The stock’s fifty day simple moving average is $10.46 and its two-hundred day simple moving average is $9.85. BlackRock New York Municipal Income Trust has a 1-year low of $8.60 and a 1-year high of $11.08.

BlackRock New York Municipal Income Trust Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a $0.043 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.52 annualized dividend and a yield of 4.90%. This is a boost from BlackRock New York Municipal Income Trust’s previous monthly dividend of $0.03.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BNY. Almitas Capital LLC purchased a new position in shares of BlackRock New York Municipal Income Trust during the 4th quarter valued at $42,000. Wolverine Asset Management LLC raised its stake in shares of BlackRock New York Municipal Income Trust by 44.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 6,999 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 2,138 shares during the period. Belpointe Asset Management LLC bought a new stake in shares of BlackRock New York Municipal Income Trust during the 1st quarter valued at $77,000. Moody National Bank Trust Division bought a new stake in shares of BlackRock New York Municipal Income Trust during the 3rd quarter valued at $96,000. Finally, Blue Bell Private Wealth Management LLC bought a new stake in shares of BlackRock New York Municipal Income Trust during the 4th quarter valued at $100,000.

About BlackRock New York Municipal Income Trust

(Get Free Report)

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.

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