BlackRock Multi-Sector Income Trust (NYSE:BIT – Get Rating) saw a significant decline in short interest in April. As of April 30th, there was short interest totalling 62,500 shares, a decline of 54.7% from the April 15th total of 138,000 shares. Based on an average daily trading volume, of 117,800 shares, the short-interest ratio is currently 0.5 days.
NYSE:BIT traded down $0.03 during trading hours on Friday, reaching $14.56. 118,638 shares of the company were exchanged, compared to its average volume of 129,433. The business has a 50 day moving average of $15.80 and a 200 day moving average of $17.02. BlackRock Multi-Sector Income Trust has a 1-year low of $14.51 and a 1-year high of $19.21.
The business also recently declared a monthly dividend, which will be paid on Tuesday, May 31st. Investors of record on Monday, May 16th will be paid a $0.124 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 10.22%. The ex-dividend date of this dividend is Friday, May 13th.
BlackRock Multi-Sector Income Trust Company Profile (Get Rating)
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.
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