BlackRock Multi-Sector Income Trust (NYSE:BIT) Short Interest Update

BlackRock Multi-Sector Income Trust (NYSE:BIT) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 90,000 shares, a decrease of 21.3% from the February 13th total of 114,400 shares. Based on an average daily trading volume, of 185,000 shares, the days-to-cover ratio is currently 0.5 days.

BlackRock Multi-Sector Income Trust Trading Up 0.1 %

Shares of NYSE:BIT traded up $0.01 during midday trading on Tuesday, reaching $14.44. 183,502 shares of the company’s stock traded hands, compared to its average volume of 139,981. The company has a fifty day simple moving average of $14.69 and a two-hundred day simple moving average of $14.76. BlackRock Multi-Sector Income Trust has a 1 year low of $14.22 and a 1 year high of $15.98.

BlackRock Multi-Sector Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.1237 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.28%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC raised its holdings in shares of BlackRock Multi-Sector Income Trust by 15.3% during the fourth quarter. LPL Financial LLC now owns 582,721 shares of the investment management company’s stock valued at $8,508,000 after acquiring an additional 77,324 shares during the last quarter. Cyndeo Wealth Partners LLC raised its stake in BlackRock Multi-Sector Income Trust by 28.8% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 563,880 shares of the investment management company’s stock valued at $8,233,000 after purchasing an additional 126,000 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in BlackRock Multi-Sector Income Trust by 4.7% during the 4th quarter. Ameriprise Financial Inc. now owns 490,059 shares of the investment management company’s stock worth $7,151,000 after purchasing an additional 21,972 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of BlackRock Multi-Sector Income Trust during the fourth quarter worth $4,100,000. Finally, GraniteShares Advisors LLC acquired a new stake in shares of BlackRock Multi-Sector Income Trust in the fourth quarter valued at about $2,464,000.

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.