Blackrock New York Municipal Income Trst (NYSE:BNY) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totalling 12,300 shares, a drop of 37.9% from the February 27th total of 19,800 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 20,200 shares, the short-interest ratio is currently 0.6 days.
BNY stock traded up $0.89 during mid-day trading on Thursday, hitting $13.36. 20,700 shares of the company were exchanged, compared to its average volume of 30,227. The firm’s 50 day simple moving average is $13.80 and its 200 day simple moving average is $13.95. Blackrock New York Municipal Income Trst has a 1-year low of $10.04 and a 1-year high of $14.95.
The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th will be paid a dividend of $0.048 per share. 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 dividend yield of 4.31%. The ex-dividend date of this dividend is Friday, March 13th.
Blackrock New York Municipal Income Trst Company Profile
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.
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