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

BlackRock Income Trust, Inc. (NYSE:BKT) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 92,100 shares, a decline of 22.3% from the February 13th total of 118,600 shares. Based on an average trading volume of 68,000 shares, the short-interest ratio is presently 1.4 days. Approximately 0.4% of the shares of the company are short sold.

BlackRock Income Trust Stock Down 0.4 %

Shares of BlackRock Income Trust stock traded down $0.05 on Tuesday, reaching $11.67. 57,841 shares of the company were exchanged, compared to its average volume of 63,932. BlackRock Income Trust has a 1-year low of $11.06 and a 1-year high of $12.67. The company’s 50-day moving average is $11.67 and its two-hundred day moving average is $11.91.

BlackRock Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.0882 per share. This represents a $1.06 annualized dividend and a dividend yield of 9.07%. The ex-dividend date of this dividend is Friday, March 14th.

Hedge Funds Weigh In On BlackRock Income Trust

A number of institutional investors have recently bought and sold shares of the stock. Thrivent Financial for Lutherans raised its stake in BlackRock Income Trust by 34.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 66,493 shares of the company’s stock valued at $826,000 after purchasing an additional 17,000 shares during the period. Concurrent Investment Advisors LLC boosted its position in BlackRock Income Trust by 19.3% during the 4th quarter. Concurrent Investment Advisors LLC now owns 13,641 shares of the company’s stock worth $157,000 after acquiring an additional 2,206 shares during the period. BDF Gestion purchased a new position in BlackRock Income Trust during the 4th quarter valued at about $67,000. Fortitude Advisory Group L.L.C. increased its holdings in shares of BlackRock Income Trust by 7.1% in the 4th quarter. Fortitude Advisory Group L.L.C. now owns 24,457 shares of the company’s stock valued at $282,000 after purchasing an additional 1,617 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of BlackRock Income Trust by 7.0% in the fourth quarter. Bank of America Corp DE now owns 27,433 shares of the company’s stock worth $316,000 after purchasing an additional 1,793 shares in the last quarter. Hedge funds and other institutional investors own 39.43% of the company’s stock.

BlackRock Income Trust Company Profile

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.