Short Interest in BlackRock Multi-Sector Income Trust (NYSE:BIT) Expands By 97.9%

BlackRock Multi-Sector Income Trust (NYSE:BIT) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 111,800 shares, a growth of 97.9% from the March 31st total of 56,500 shares. Based on an average trading volume of 184,800 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On BlackRock Multi-Sector Income Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised its position in shares of BlackRock Multi-Sector Income Trust by 1.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 58,673 shares of the investment management company’s stock valued at $857,000 after purchasing an additional 995 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in BlackRock Multi-Sector Income Trust during the 4th quarter worth $27,000. Cyndeo Wealth Partners LLC grew its stake in BlackRock Multi-Sector Income Trust by 28.8% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 563,880 shares of the investment management company’s stock worth $8,233,000 after buying an additional 126,000 shares during the last quarter. Spire Wealth Management bought a new position in shares of BlackRock Multi-Sector Income Trust in the fourth quarter worth $146,000. Finally, U.S. Capital Wealth Advisors LLC bought a new position in shares of BlackRock Multi-Sector Income Trust in the fourth quarter worth $1,539,000.

BlackRock Multi-Sector Income Trust Price Performance

BlackRock Multi-Sector Income Trust stock opened at $13.97 on Tuesday. The stock’s 50 day moving average price is $14.21 and its 200 day moving average price is $14.52. BlackRock Multi-Sector Income Trust has a one year low of $12.50 and a one year high of $15.50.

BlackRock Multi-Sector Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Tuesday, April 15th will be given a dividend of $0.1237 per share. This represents a $1.48 annualized dividend and a yield of 10.63%. The ex-dividend date of this dividend is Tuesday, April 15th.

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.