BlackRock Income Trust, Inc. (NYSE:BKT) Short Interest Up 105.6% in December

BlackRock Income Trust, Inc. (NYSE:BKT) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 44,000 shares, a growth of 105.6% from the November 30th total of 21,400 shares. Based on an average daily volume of 62,200 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Raymond James & Associates lifted its stake in BlackRock Income Trust by 39.2% in the 2nd quarter. Raymond James & Associates now owns 395,569 shares of the company’s stock valued at $4,719,000 after purchasing an additional 111,364 shares during the last quarter. Canal Capital Management LLC acquired a new position in shares of BlackRock Income Trust during the 2nd quarter worth approximately $231,000. Choreo LLC bought a new position in shares of BlackRock Income Trust during the second quarter worth approximately $233,000. Melfa Wealth Management Inc. raised its position in shares of BlackRock Income Trust by 1.3% in the third quarter. Melfa Wealth Management Inc. now owns 374,393 shares of the company’s stock valued at $4,654,000 after buying an additional 4,896 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of BlackRock Income Trust in the third quarter valued at approximately $13,380,000. 39.43% of the stock is currently owned by institutional investors.

BlackRock Income Trust Stock Up 0.1 %

Shares of BlackRock Income Trust stock traded up $0.01 during trading on Friday, reaching $11.47. 51,716 shares of the company were exchanged, compared to its average volume of 62,671. The business has a 50-day moving average price of $11.83 and a 200-day moving average price of $12.08. BlackRock Income Trust has a twelve month low of $11.06 and a twelve month high of $12.67.

BlackRock Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 16th were issued a $0.0882 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 9.23%.

About BlackRock Income Trust

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.