Blackrock Income Trust (NYSE:BKT – Get Free Report) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 52,944 shares, a decrease of 50.7% from the July 15th total of 107,421 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 97,875 shares, the days-to-cover ratio is currently 0.5 days.
Institutional Trading of Blackrock Income Trust
Hedge funds have recently added to or reduced their stakes in the business. J.Safra Asset Management Corp acquired a new position in shares of Blackrock Income Trust during the second quarter worth approximately $951,000. Arkadios Wealth Advisors boosted its holdings in Blackrock Income Trust by 4.4% in the 1st quarter. Arkadios Wealth Advisors now owns 43,420 shares of the company’s stock valued at $459,000 after purchasing an additional 1,830 shares during the period. Paladin Partners LLC acquired a new stake in Blackrock Income Trust in the 2nd quarter worth $1,899,000. Comerica Bank grew its position in Blackrock Income Trust by 43.0% in the 3rd quarter. Comerica Bank now owns 10,533 shares of the company’s stock worth $118,000 after purchasing an additional 3,166 shares during the last quarter. Finally, Riverbridge Partners LLC raised its position in shares of Blackrock Income Trust by 3.8% during the first quarter. Riverbridge Partners LLC now owns 108,500 shares of the company’s stock valued at $1,147,000 after buying an additional 3,938 shares during the last quarter. Institutional investors own 39.43% of the company’s stock.
Blackrock Income Trust Price Performance
Shares of NYSE BKT traded down $0.06 during trading hours on Tuesday, hitting $10.39. 45,260 shares of the stock were exchanged, compared to its average volume of 112,612. Blackrock Income Trust has a one year low of $10.16 and a one year high of $11.86. The company’s 50 day moving average is $10.47 and its 200 day moving average is $10.67.
Blackrock Income Trust Announces Dividend
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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