Short Interest in Blackrock New York Municipal Income Trst (NYSE:BNY) Drops By 37.9%

Blackrock New York Municipal Income Trst (NYSE:BNY) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totalling 12,300 shares, a decrease of 37.9% from the February 27th total of 19,800 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 20,200 shares, the short-interest ratio is currently 0.6 days.

Hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. bought a new stake in Blackrock New York Municipal Income Trst in the fourth quarter valued at approximately $140,000. Baird Financial Group Inc. bought a new stake in Blackrock New York Municipal Income Trst in the fourth quarter valued at approximately $142,000. Edgewood Management LLC bought a new stake in Blackrock New York Municipal Income Trst in the fourth quarter valued at approximately $491,000. Fiera Capital Corp boosted its holdings in Blackrock New York Municipal Income Trst by 2.7% in the fourth quarter. Fiera Capital Corp now owns 55,659 shares of the financial services provider’s stock valued at $780,000 after acquiring an additional 1,461 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in Blackrock New York Municipal Income Trst by 1.8% in the fourth quarter. Citigroup Inc. now owns 56,680 shares of the financial services provider’s stock valued at $795,000 after acquiring an additional 1,000 shares during the last quarter.

BNY stock traded up $0.89 during trading on Thursday, hitting $13.36. The company had a trading volume of 20,700 shares, compared to its average volume of 30,227. The business has a 50-day moving average of $13.80 and a 200-day moving average of $13.95. Blackrock New York Municipal Income Trst has a one year low of $10.04 and a one year high of $14.95.

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 16th will be issued a $0.048 dividend. The ex-dividend date is Friday, March 13th. This is a boost from Blackrock New York Municipal Income Trst’s previous monthly dividend of $0.05. This represents a $0.58 annualized dividend and a yield of 4.31%.

About Blackrock New York Municipal Income Trst

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.

See Also: Why is a lock-up period needed for an IPO?

Receive News & Ratings for Blackrock New York Municipal Income Trst Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackrock New York Municipal Income Trst and related companies with MarketBeat.com's FREE daily email newsletter.