BFK Stock Summary and Trading Ideas (Blackrock Muni Income Com | NYSE:BFK)

BlackRock Municipal Income Trust’s (BFK) (the “Trust”) investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing primarily in municipal bonds exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax). The Trust invests, under normal market conditions, at least 80% of its assets in municipal bonds that are investment grade quality at the time of investment. The Trust may invest directly in such securities or synthetically through the use of derivatives.

Blackrock Muni Income Com trades on the NYSE stock market under the symbol BFK.

As of April 16, 2024, BFK stock price declined to $9.94 with 79,208 million shares trading.

BFK has a beta of 0.62, meaning it tends to be less sensitive to market movements. BFK has a correlation of 0.29 to the broad based SPY ETF.

BFK has a market cap of $435.70 million. This is considered a Small Cap stock.

In the last 3 years, BFK stock traded as high as $15.92 and as low as $8.55.

BFK has underperformed the market in the last year with a return of +2.6%, while the SPY ETF gained +23.7%. In the last 3 month period, BFK fell short of the market, returning 0.0%, while SPY returned +6.0%. However, in the most recent 2 weeks BFK has outperformed the stock market by returning -2.6%, while SPY returned -3.6%.

BFK support price is $9.88 and resistance is $10.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BFK stock will trade within this expected range on the day.