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

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.

A number of institutional investors have recently made changes to their positions in BIT. Thrivent Financial for Lutherans boosted its position in shares of BlackRock Multi-Sector Income Trust by 13.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 173,509 shares of the investment management company’s stock worth $3,246,000 after acquiring an additional 21,049 shares in the last quarter. Cetera Investment Advisers boosted its stake in BlackRock Multi-Sector Income Trust by 8.2% in the third quarter. Cetera Investment Advisers now owns 10,854 shares of the investment management company’s stock valued at $203,000 after buying an additional 824 shares in the last quarter. Clear Creek Financial Management LLC grew its position in BlackRock Multi-Sector Income Trust by 5.4% in the fourth quarter. Clear Creek Financial Management LLC now owns 15,034 shares of the investment management company’s stock valued at $273,000 after acquiring an additional 768 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in BlackRock Multi-Sector Income Trust by 2.3% during the fourth quarter. Stratos Wealth Partners LTD. now owns 55,080 shares of the investment management company’s stock worth $999,000 after acquiring an additional 1,230 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of BlackRock Multi-Sector Income Trust by 9.7% in the third quarter. LPL Financial LLC now owns 118,036 shares of the investment management company’s stock worth $2,208,000 after acquiring an additional 10,478 shares during the last quarter.

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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