BlackRock Multi-Sector Income Trust (NYSE:BIT) Short Interest Down 39.4% in January

BlackRock Multi-Sector Income Trust (NYSE:BIT) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 96,900 shares, a drop of 39.4% from the January 15th total of 159,900 shares. Based on an average trading volume of 178,600 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On BlackRock Multi-Sector Income Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the business. HighTower Advisors LLC purchased a new position in BlackRock Multi-Sector Income Trust during the third quarter worth about $241,000. Janney Montgomery Scott LLC increased its position in shares of BlackRock Multi-Sector Income Trust by 1.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 58,673 shares of the investment management company’s stock worth $857,000 after purchasing an additional 995 shares during the last quarter. Raymond James & Associates raised its stake in BlackRock Multi-Sector Income Trust by 14.2% in the third quarter. Raymond James & Associates now owns 196,029 shares of the investment management company’s stock valued at $2,980,000 after purchasing an additional 24,447 shares in the last quarter. International Assets Investment Management LLC bought a new stake in BlackRock Multi-Sector Income Trust during the third quarter valued at approximately $1,650,000. Finally, Landscape Capital Management L.L.C. grew its stake in BlackRock Multi-Sector Income Trust by 91.5% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 113,928 shares of the investment management company’s stock worth $1,732,000 after buying an additional 54,436 shares in the last quarter.

BlackRock Multi-Sector Income Trust Stock Down 0.5 %

Shares of NYSE:BIT opened at $14.75 on Friday. The company has a 50 day moving average of $14.63 and a 200 day moving average of $14.78. BlackRock Multi-Sector Income Trust has a 12 month low of $14.22 and a 12 month high of $15.98.

BlackRock Multi-Sector Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.1237 per share. The ex-dividend date is Friday, February 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.06%.

About BlackRock Multi-Sector Income Trust

BlackRock Multi-Sector Income Trust is a close ended fixed income mutual fund launched by BlackRock, Inc It is co-managed by BlackRock Advisors, LLC and BlackRock (Singapore) Limited. The fund invests in fixed income markets. It invests primarily in loan and debt instruments and other investments with similar economic characteristic.