BlackRock Multi-Sector Income Trust (NYSE:BIT) Short Interest Update

BlackRock Multi-Sector Income Trust (NYSE:BIT) saw a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 765,000 shares, a decrease of 8.7% from the October 15th total of 837,600 shares. Based on an average daily trading volume, of 86,300 shares, the short-interest ratio is currently 8.9 days.

BlackRock Multi-Sector Income Trust Price Performance

BlackRock Multi-Sector Income Trust stock traded up $0.08 during midday trading on Friday, reaching $14.85. 97,942 shares of the stock traded hands, compared to its average volume of 94,235. The stock’s fifty day moving average is $14.39 and its 200-day moving average is $14.49. BlackRock Multi-Sector Income Trust has a 12 month low of $13.65 and a 12 month high of $15.37.

BlackRock Multi-Sector Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.1237 per share. This represents a $1.48 dividend on an annualized basis and a yield of 10.00%. The ex-dividend date is Tuesday, November 14th.

Hedge Funds Weigh In On BlackRock Multi-Sector Income Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its stake in BlackRock Multi-Sector Income Trust by 6.7% during the first quarter. Cetera Investment Advisers now owns 11,602 shares of the investment management company’s stock valued at $191,000 after buying an additional 725 shares during the last quarter. Stifel Financial Corp raised its position in BlackRock Multi-Sector Income Trust by 5.6% during the third quarter. Stifel Financial Corp now owns 16,226 shares of the investment management company’s stock valued at $235,000 after purchasing an additional 860 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in BlackRock Multi-Sector Income Trust by 1.1% during 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 purchasing an additional 914 shares during the period. LPL Financial LLC raised its position in BlackRock Multi-Sector Income Trust by 0.7% during the first quarter. LPL Financial LLC now owns 136,637 shares of the investment management company’s stock valued at $1,994,000 after purchasing an additional 917 shares during the period. Finally, Rockefeller Capital Management L.P. raised its position in BlackRock Multi-Sector Income Trust by 2.6% during 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 purchasing an additional 923 shares during the period.

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.