BlackRock New York Municipal Income Trust (NYSE:BNY) Short Interest Up 8.6% in January

BlackRock New York Municipal Income Trust (NYSE:BNY) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 31,700 shares, a growth of 8.6% from the January 15th total of 29,200 shares. Based on an average daily volume of 67,500 shares, the days-to-cover ratio is currently 0.5 days.

BlackRock New York Municipal Income Trust Stock Performance

BNY stock traded up $0.02 during trading on Tuesday, hitting $10.45. 2,561 shares of the stock traded hands, compared to its average volume of 49,837. BlackRock New York Municipal Income Trust has a 1 year low of $10.05 and a 1 year high of $11.10. The firm’s 50 day moving average is $10.37 and its two-hundred day moving average is $10.64.

BlackRock New York Municipal Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.051 per share. This represents a $0.61 annualized dividend and a yield of 5.86%. The ex-dividend date of this dividend is Friday, February 14th.

Institutional Trading of BlackRock New York Municipal Income Trust

Institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC grew its position in BlackRock New York Municipal Income Trust by 11.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 16,403 shares of the financial services provider’s stock valued at $173,000 after purchasing an additional 1,749 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new stake in BlackRock New York Municipal Income Trust during the 3rd quarter valued at about $152,000. Pathway Financial Advisers LLC grew its position in BlackRock New York Municipal Income Trust by 1,000.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 4,829 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 4,390 shares during the last quarter. Dakota Wealth Management purchased a new stake in shares of BlackRock New York Municipal Income Trust during the 4th quarter valued at about $112,000. Finally, Focused Wealth Management Inc boosted its holdings in shares of BlackRock New York Municipal Income Trust by 0.8% during the 3rd quarter. Focused Wealth Management Inc now owns 118,483 shares of the financial services provider’s stock valued at $1,303,000 after acquiring an additional 978 shares during the last quarter.

About BlackRock New York Municipal Income Trust

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.