BlackRock New York Municipal Income Trust (NYSE:BNY) Short Interest Update

BlackRock New York Municipal Income Trust (NYSE:BNY) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 70,700 shares, a growth of 74.6% from the February 28th total of 40,500 shares. Based on an average daily trading volume, of 56,700 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Trading of BlackRock New York Municipal Income Trust

Institutional investors have recently modified their holdings of the business. Dakota Wealth Management purchased a new stake in shares of BlackRock New York Municipal Income Trust during the fourth quarter worth $112,000. Summit Trail Advisors LLC bought a new position in shares of BlackRock New York Municipal Income Trust in the fourth quarter worth approximately $146,000. Envestnet Asset Management Inc. raised its stake in BlackRock New York Municipal Income Trust by 24.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 14,799 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 2,873 shares in the last quarter. Sanctuary Advisors LLC lifted its position in BlackRock New York Municipal Income Trust by 11.9% during the third 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. Finally, Raymond James Financial Inc. purchased a new position in BlackRock New York Municipal Income Trust in the 4th quarter worth approximately $259,000.

BlackRock New York Municipal Income Trust Stock Up 0.3 %

Shares of BlackRock New York Municipal Income Trust stock traded up $0.04 on Friday, reaching $10.17. 57,387 shares of the company traded hands, compared to its average volume of 49,434. BlackRock New York Municipal Income Trust has a 52 week low of $10.05 and a 52 week high of $11.10. The company has a 50 day moving average of $10.39 and a 200 day moving average of $10.56.

BlackRock New York Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.051 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.61 annualized dividend and a dividend yield of 6.02%.

BlackRock New York Municipal Income Trust Company Profile

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.