BlackRock Multi-Sector Income Trust (NYSE:BIT) Short Interest Up 7.0% in March

BlackRock Multi-Sector Income Trust (NYSE:BIT) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 613,700 shares, an increase of 7.0% from the March 15th total of 573,800 shares. Based on an average daily volume of 91,200 shares, the days-to-cover ratio is presently 6.7 days.

BlackRock Multi-Sector Income Trust Trading Up 1.6 %

BIT opened at $15.18 on Thursday. The business’s fifty day moving average is $15.52 and its two-hundred day moving average is $15.08. BlackRock Multi-Sector Income Trust has a one year low of $13.65 and a one year high of $15.98.

BlackRock Multi-Sector Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be given a $0.124 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.49 annualized dividend and a dividend yield of 9.81%.

Institutional Trading of BlackRock Multi-Sector Income Trust

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers lifted its position in shares of BlackRock Multi-Sector Income Trust by 6.7% in the first quarter. Cetera Investment Advisers now owns 11,602 shares of the investment management company’s stock valued at $191,000 after acquiring an additional 725 shares in the last quarter. Stifel Financial Corp lifted its position in shares of BlackRock Multi-Sector Income Trust by 5.6% in the third quarter. Stifel Financial Corp now owns 16,226 shares of the investment management company’s stock valued at $235,000 after acquiring an additional 860 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of BlackRock Multi-Sector Income Trust by 1.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 82,151 shares of the investment management company’s stock valued at $1,199,000 after acquiring an additional 914 shares in the last quarter. LPL Financial LLC lifted its position in shares of BlackRock Multi-Sector Income Trust by 0.7% in the first quarter. LPL Financial LLC now owns 136,637 shares of the investment management company’s stock valued at $1,994,000 after acquiring an additional 917 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of BlackRock Multi-Sector Income Trust by 2.6% in the second quarter. Rockefeller Capital Management L.P. now owns 36,462 shares of the investment management company’s stock valued at $524,000 after acquiring an additional 923 shares in the last quarter.

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.