BlackRock Multi-Sector Income Trust (BIT)
BIT Price and Sentiment
BIT Latest news
BIT is a fixed-income multi-sector closed-end fund from the BlackRock suite. The fund employs an active trading strategy with duration positioning.
The 8% yield of BIT looks very attractive if the distribution can be maintained. I continue my series digging into CEFs beyond the yield with a look at BIT.
BTZ's diversified holdings, strong 6.5% distribution yield, and market-beating returns make the fund a buy.
BIT is a diversified bond fund, focusing on low-quality, high-yield corporate bonds.
BIT invests in a number of securitized bonds, CLOs, and corporate bonds in order to generate income for its investors.
BIT: On The Lookout For A Cheaper PIMCO Alternative
Floating rate ("loan") securities have been out of favor for more than a year as investors saw interest rates plummet. The loan market looks very compelling relative to high-yield fixed coupon bonds. The avg. price is below par vs. a premium to par for bonds.
BIT: Recent Increase In Return Of Capital Does Not Look Like A Prosperous Step Into 2021
ARDC is a higher risk mix of loans and fixed coupon bonds that remains very cheap. It's being valued like an all loan funds but has more bonds in it. BIT is a long-term holding for many in the YH service but we sold out of it last year after the Aviron Capital LLC debacle.
BIT: Has Managed To Recover Initial Losses, But The COVID-19 Pandemic Might Disrupt Housing Market