BLACKROCK Municipal Income TRUST V.BFK.P

Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.

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BLACKROCK Municipal Income TRUST > Shorts Covering at $1.91 / 1.92 ??

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Comment by quinlashon Feb 20, 2020 4:27pm

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Post# 30714721

RE:RE:Shorts Covering at $1.91 / 1.92 ??

Tried to monitor as much as i could today and what i seen is this;

- Ramp up showed some of the ususal suspects trading but not to the extent I expected

- Pull back to the $1.92 level started showing high vol cross trades

Usually I expect to see the high vol crosstrades marking the top prior to shorters dropping their cheap shares followed by the short once support thins out to the point where they can wash out the bids and create a free fall.

Today was different (IMO), pull back to 1.92 started showing high vol cross trades and buying at 1.91. Why cross trade on the pullback? If they were not trying to create fake vol then they must of been covering their positions

We have until the 11th (apx) for HEXO qtr report. Personally I am optimistic the report will be good (better than last) as HEXO was early to do cost cutting and they too should see additional sales from new stores that have opened (same as WEED).

The question of the day is will buyers keep coming in between now and QTR report to support the $1.88 level (potential new bottom) or does the market not have enough buyers out there and current shareholders once again panic and start unloading prior to the report ?

Q