Shares of BlackRock Multi-Sector Income Trust of Beneficial Interest (NYSE:BIT) traded today at $18.97, eclipsing its 52-week high. So far today approximately 96,000 shares have been exchanged, as compared to an average 30-day volume of 127,000 shares.
Over the past year, BlackRock Multi-Sector Income Trust of Beneficial Interest has traded in a range of $13.81 to $18.97 and is now at $18.91, 37% above that low.
BlackRock Multi-Sector Income Trust is a closed-end investment management company. It invests on behalf of its clients. The fund's primary investment objective is to provide a high level of current income, with a secondary objective of capital appreciation. It has investments in the sectors such as oil, gas and consumable fuels, auto components, automobiles, banks, beverages, biotechnology, aerospace and defence, air freight and logistics, airlines, capital markets, chemicals, commercial services and supplies, communications equipment, diversified financial services, diversified telecommunication services, healthcare providers and services, and others.
Based on a current price of $18.91, BlackRock Multi-Sector Income Trust of Beneficial Interest is currently 0.7% above its average consensus analyst price target of $18.79.
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