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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.


NYSE:BFK - Post by User

Post by quinlashon Aug 25, 2020 8:27pm
140 Views
Post# 31453171

After Hours and Short Position

After Hours and Short PositionIn after hours the stock has been trading between .71 USD and .7289 USD or .94 CDN and .96 CDN (using an exchange rate of 1.32)

Link to After hours trading:
https://www.marketwatch.com/investing/stock/hexo

Today we seen an uptick in shorting activity with the price rising going into close and rising in after hours as well on a positive news day.  This, IMHO, indicates that short-sellers are opting to buy out the shares they borrowed from the brokers rather than risk being caught in a short position on a stockprice that may go up.

Link to Short Report:
https://fintel.io/ss/us/hexo

Overall direction on the shareprice tomorrow will be determined by the same thing that determines it everyday, the amount of buying and selling that takes place and at what price.

If you are trading tomorrow then I hope you do so at a price you like and that you are doing so at a profit or one that will be seen in the future growth of the company.

Best Regards and GLTA,

Q







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