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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 > Just sold 7,000 shares of Hexo
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Comment by quinlashon Jun 30, 2022 10:43am
67 Views
Post# 34793692

RE:RE:Just sold 7,000 shares of Hexo

RE:RE:Just sold 7,000 shares of HexoA Short Cover goes through as a buy transaction so the only way Ghost made a profit was to have borrowed shares in a short position then buy (cover) the position through buying replacement shares.

He clearly does not understand how it works.

There are 40 Million shares that are required to be bought to cover out the entire short position.  I am not seeing 40 Million shares available for sale therefore the question becomes "how high does the SP need to be to find 40 Million Shares to be bought?"

Anyone new to stock shorting should REALLY call their bank / broker to discuss the topic to understand the short / cover process.

https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/short-covering/




tired8 wrote: It's confirmed. A deluded tool you are and you should be left alone. In the shed you go.

Ghostinthedark wrote: at .25 cents after buying in at .35....Nice chunk of profit...




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