BlackRock New York Municipal Income Trust (NYSE:BNY) Short Interest Up 8.6% in January

BlackRock New York Municipal Income Trust (NYSE:BNY) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 31,700 shares, a growth of 8.6% from the January 15th total of 29,200 shares. Based on an average daily trading volume, of 67,500 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of BlackRock New York Municipal Income Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Pathway Financial Advisers LLC grew its position in shares of BlackRock New York Municipal Income Trust by 1,000.0% in the 3rd quarter. Pathway Financial Advisers LLC now owns 4,829 shares of the financial services provider’s stock worth $53,000 after buying an additional 4,390 shares during the period. Dakota Wealth Management purchased a new stake in shares of BlackRock New York Municipal Income Trust in the 4th quarter worth about $112,000. Summit Trail Advisors LLC purchased a new stake in shares of BlackRock New York Municipal Income Trust in the 4th quarter worth about $146,000. Sanctuary Advisors LLC purchased a new stake in shares of BlackRock New York Municipal Income Trust in the 2nd quarter worth about $151,000. Finally, Envestnet Asset Management Inc. grew its position in shares of BlackRock New York Municipal Income Trust by 24.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 14,799 shares of the financial services provider’s stock worth $151,000 after buying an additional 2,873 shares during the period.

BlackRock New York Municipal Income Trust Stock Up 0.2 %

NYSE BNY traded up $0.02 during trading on Tuesday, hitting $10.45. The company had a trading volume of 2,561 shares, compared to its average volume of 49,837. BlackRock New York Municipal Income Trust has a one year low of $10.05 and a one year high of $11.10. The company’s fifty day moving average is $10.37 and its 200-day moving average is $10.64.

BlackRock New York Municipal Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.86%. The ex-dividend date is Friday, February 14th.

About BlackRock New York Municipal Income Trust

BlackRock New York Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in the investment grade municipal bonds exempt from federal income taxes and New York State and New York City personal income taxes.