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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

BLACKROCK Municipal Income TRUST > Institutional Long now at 23%
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Comment by quinlashon Feb 16, 2022 3:14pm
66 Views
Post# 34434993

RE:RE:Institutional Long now at 23%

RE:RE:Institutional Long now at 23%
Touran77 wrote:

 

quinlash wrote: It had been bouncing around at 13 and 14% for a nice while and now has jumped to 23%...  likely tied back to Friday's after hours trading where over 7 Million shares were traded.

https://fintel.io/so/us/hexo

 

 

7M out of 400M is just 1.75%.

The increase seems to have come in the last few weeks and this is why we are close to comfirm a daily uptrend.

Touran



Wasn't trying to state that it all happened in one fell swoop however 7.2 Million shares in after hours with the SP increasing to .95 is likely an indication that many of the shares purchased during those hours went into long positions.  I would hazard to guess that many retail investors gave up their shares at a loss while institutes picked them up with the intention of holding for a very long time.




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