BlackRock Multi-Sector Income Trust (NYSE:BIT – Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 613,700 shares, a growth of 7.0% from the March 15th total of 573,800 shares. Based on an average daily volume of 91,200 shares, the short-interest ratio is currently 6.7 days.
BlackRock Multi-Sector Income Trust Trading Up 1.6 %
BlackRock Multi-Sector Income Trust stock opened at $15.18 on Thursday. The business’s 50-day simple moving average is $15.52 and its 200-day simple moving average is $15.08. BlackRock Multi-Sector Income Trust has a 52 week low of $13.65 and a 52 week high of $15.98.
BlackRock Multi-Sector Income Trust Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be paid a $0.124 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 9.81%.
Hedge Funds Weigh In On BlackRock Multi-Sector Income Trust
BlackRock Multi-Sector Income Trust Company Profile
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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