BlackRock Multi-Sector Income Trust (NYSE:BIT) Sees Large Decline in Short Interest

BlackRock Multi-Sector Income Trust (NYSE:BIT) saw a large drop in short interest in January. As of January 31st, there was short interest totalling 96,900 shares, a drop of 39.4% from the January 15th total of 159,900 shares. Based on an average daily trading volume, of 178,600 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On BlackRock Multi-Sector Income Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. Geneos Wealth Management Inc. purchased a new stake in BlackRock Multi-Sector Income Trust during the fourth quarter valued at about $27,000. Spire Wealth Management purchased a new stake in BlackRock Multi-Sector Income Trust during the 4th quarter valued at about $146,000. StoneX Group Inc. bought a new position in BlackRock Multi-Sector Income Trust during the 4th quarter worth approximately $151,000. International Assets Investment Management LLC purchased a new position in BlackRock Multi-Sector Income Trust in the 3rd quarter worth approximately $1,650,000. Finally, Concurrent Investment Advisors LLC lifted its position in BlackRock Multi-Sector Income Trust by 13.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 12,190 shares of the investment management company’s stock valued at $178,000 after purchasing an additional 1,479 shares during the last quarter.

BlackRock Multi-Sector Income Trust Stock Performance

NYSE:BIT opened at $14.75 on Friday. BlackRock Multi-Sector Income Trust has a 1-year low of $14.22 and a 1-year high of $15.98. The business has a 50 day moving average of $14.63 and a 200 day moving average of $14.78.

BlackRock Multi-Sector Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.1237 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.06%.

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.