BlackRock New York Municipal Income Trust (NYSE:BNY) Short Interest Update

BlackRock New York Municipal Income Trust (NYSE:BNY) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 20,900 shares, a drop of 71.1% from the October 31st total of 72,200 shares. Based on an average daily trading volume, of 52,700 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers increased its stake in shares of BlackRock New York Municipal Income Trust by 7.2% in the 2nd quarter. Cetera Investment Advisers now owns 96,357 shares of the financial services provider’s stock valued at $1,032,000 after buying an additional 6,443 shares during the period. Tidal Investments LLC increased its position in BlackRock New York Municipal Income Trust by 8.5% in the first quarter. Tidal Investments LLC now owns 31,252 shares of the financial services provider’s stock worth $331,000 after purchasing an additional 2,454 shares during the period. Pathway Financial Advisers LLC raised its holdings in BlackRock New York Municipal Income Trust by 1,000.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 4,829 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 4,390 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its position in BlackRock New York Municipal Income Trust by 3.9% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 42,446 shares of the financial services provider’s stock valued at $455,000 after purchasing an additional 1,600 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in BlackRock New York Municipal Income Trust during the 2nd quarter valued at about $151,000.

BlackRock New York Municipal Income Trust Trading Up 1.0 %

BNY traded up $0.11 during midday trading on Wednesday, hitting $10.70. The company had a trading volume of 113,359 shares, compared to its average volume of 45,809. BlackRock New York Municipal Income Trust has a twelve month low of $9.77 and a twelve month high of $11.10. The firm’s 50-day simple moving average is $10.78 and its 200-day simple moving average is $10.75.

BlackRock New York Municipal Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.051 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date is Friday, November 15th.

BlackRock New York Municipal Income Trust 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.