Short Interest in BlackRock Income Trust, Inc. (NYSE:BKT) Decreases By 22.3%

BlackRock Income Trust, Inc. (NYSE:BKT) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 92,100 shares, a decline of 22.3% from the February 13th total of 118,600 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 68,000 shares, the days-to-cover ratio is presently 1.4 days.

BlackRock Income Trust Stock Performance

BKT traded down $0.04 during trading on Wednesday, hitting $11.63. The stock had a trading volume of 10,621 shares, compared to its average volume of 63,737. The company’s 50-day moving average price is $11.67 and its 200 day moving average price is $11.91. 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 company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.0882 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.06 annualized dividend and a yield of 9.10%.

Hedge Funds Weigh In On BlackRock Income Trust

Several institutional investors have recently bought and sold shares of BKT. BDF Gestion acquired a new position in BlackRock Income Trust in the 4th quarter valued at $67,000. Comerica Bank increased its stake in BlackRock Income Trust by 16.5% in the 4th quarter. Comerica Bank now owns 8,123 shares of the company’s stock valued at $94,000 after buying an additional 1,150 shares during the period. Concurrent Investment Advisors LLC increased its stake in BlackRock Income Trust by 19.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 13,641 shares of the company’s stock valued at $157,000 after buying an additional 2,206 shares during the period. World Investment Advisors acquired a new position in BlackRock Income Trust in the 4th quarter valued at $170,000. Finally, Commonwealth Equity Services LLC grew its stake in shares of BlackRock Income Trust by 5.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 17,497 shares of the company’s stock worth $202,000 after purchasing an additional 978 shares during the period. 39.43% of the stock is owned by institutional investors and hedge funds.

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.