Short Interest in BlackRock New York Municipal Income Trust (NYSE:BNY) Increases By 162.9%

BlackRock New York Municipal Income Trust (NYSE:BNY) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 67,300 shares, an increase of 162.9% from the September 15th total of 25,600 shares. Based on an average daily trading volume, of 47,900 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Investors Weigh In On BlackRock New York Municipal Income Trust

Institutional investors have recently made changes to their positions in the stock. Focused Wealth Management Inc increased its holdings in BlackRock New York Municipal Income Trust by 6.4% in the first quarter. Focused Wealth Management Inc now owns 117,638 shares of the financial services provider’s stock valued at $1,247,000 after buying an additional 7,114 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of BlackRock New York Municipal Income Trust by 7.2% in the second quarter. Cetera Investment Advisers now owns 96,357 shares of the financial services provider’s stock valued at $1,032,000 after acquiring an additional 6,443 shares in the last quarter. Whitebox Advisors LLC purchased a new stake in BlackRock New York Municipal Income Trust during the 2nd quarter worth about $808,000. Blue Bell Private Wealth Management LLC grew its holdings in shares of BlackRock New York Municipal Income Trust by 3.9% during the second quarter. Blue Bell Private Wealth Management LLC now owns 42,446 shares of the financial services provider’s stock worth $455,000 after buying an additional 1,600 shares in the last quarter. Finally, Joel Isaacson & Co. LLC purchased a new position in shares of BlackRock New York Municipal Income Trust during the first quarter valued at approximately $450,000.

BlackRock New York Municipal Income Trust Trading Up 0.4 %

NYSE BNY opened at $10.96 on Friday. The business’s 50 day moving average is $10.87 and its two-hundred day moving average is $10.70. BlackRock New York Municipal Income Trust has a 12-month low of $8.60 and a 12-month high of $11.10.

BlackRock New York Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a $0.051 dividend. This represents a $0.61 annualized dividend and a yield of 5.58%. The ex-dividend date of this dividend is Tuesday, October 15th.

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.