Blackrock Income Trust (NYSE:BKT – Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 131,936 shares, an increase of 149.2% from the July 30th total of 52,944 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 142,310 shares, the days-to-cover ratio is currently 0.9 days.
Institutional Trading of Blackrock Income Trust
Several institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP grew its stake in shares of Blackrock Income Trust by 231.6% in the first quarter. First Trust Advisors LP now owns 181,020 shares of the company’s stock valued at $1,913,000 after acquiring an additional 126,426 shares in the last quarter. Rock Point Advisors LLC raised its stake in Blackrock Income Trust by 171.3% in the 4th quarter. Rock Point Advisors LLC now owns 250,023 shares of the company’s stock worth $2,760,000 after purchasing an additional 157,850 shares in the last quarter. Sit Investment Associates Inc. boosted its holdings in Blackrock Income Trust by 9.4% in the 4th quarter. Sit Investment Associates Inc. now owns 5,050,211 shares of the company’s stock valued at $55,754,000 after purchasing an additional 435,016 shares during the period. First Nebraska Trust Co bought a new stake in Blackrock Income Trust in the 1st quarter valued at about $172,000. Finally, Arkadios Wealth Advisors grew its position in shares of Blackrock Income Trust by 4.4% during the 1st quarter. Arkadios Wealth Advisors now owns 43,420 shares of the company’s stock worth $459,000 after purchasing an additional 1,830 shares in the last quarter. 39.43% of the stock is currently owned by institutional investors.
Blackrock Income Trust Trading Up 0.1%
BKT stock traded up $0.01 during mid-day trading on Friday, hitting $10.35. 72,217 shares of the company were exchanged, compared to its average volume of 134,212. Blackrock Income Trust has a 1-year low of $10.16 and a 1-year high of $11.86. The business has a 50 day simple moving average of $10.46 and a 200-day simple moving average of $10.62.
Blackrock Income Trust Dividend Announcement
Blackrock Income Trust Company Profile
BlackRock Income Trust (NYSE: BKT) is a diversified, closed-end management investment company sponsored by BlackRock, Inc The fund seeks to provide current income through investments in a broad array of fixed-income securities. Its holdings typically include high-yield corporate bonds, investment-grade corporate debt, government and agency obligations and securitized products such as mortgage- and asset-backed securities.
The trust employs active portfolio management, aiming to capitalize on credit opportunities across global and domestic markets.
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