Short Interest in BlackRock Floating Rate Income Trust (NYSE:BGT) Decreases By 8.5%

BlackRock Floating Rate Income Trust (NYSE:BGT) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 115,500 shares, a drop of 8.5% from the November 30th total of 126,200 shares. Based on an average daily trading volume, of 112,300 shares, the days-to-cover ratio is presently 1.0 days.

BlackRock Floating Rate Income Trust Trading Down 0.4 %

NYSE BGT traded down $0.05 on Wednesday, hitting $12.86. 148,293 shares of the stock were exchanged, compared to its average volume of 106,088. BlackRock Floating Rate Income Trust has a fifty-two week low of $12.01 and a fifty-two week high of $13.97. The company has a 50-day moving average price of $13.05 and a 200-day moving average price of $12.95.

BlackRock Floating Rate Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 16th were issued a $0.1203 dividend. This represents a $1.44 annualized dividend and a yield of 11.22%. The ex-dividend date of this dividend was Monday, December 16th.

Institutional Trading of BlackRock Floating Rate Income Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC acquired a new position in shares of BlackRock Floating Rate Income Trust during the 3rd quarter worth about $152,000. Horizon Kinetics Asset Management LLC lifted its stake in BlackRock Floating Rate Income Trust by 56.0% during the third quarter. Horizon Kinetics Asset Management LLC now owns 19,778 shares of the investment management company’s stock worth $256,000 after purchasing an additional 7,100 shares during the last quarter. MONECO Advisors LLC boosted its holdings in BlackRock Floating Rate Income Trust by 5.0% in the third quarter. MONECO Advisors LLC now owns 24,377 shares of the investment management company’s stock valued at $315,000 after purchasing an additional 1,150 shares in the last quarter. MML Investors Services LLC increased its stake in BlackRock Floating Rate Income Trust by 2.7% in the third quarter. MML Investors Services LLC now owns 96,891 shares of the investment management company’s stock valued at $1,254,000 after purchasing an additional 2,531 shares during the last quarter. Finally, Graypoint LLC increased its stake in BlackRock Floating Rate Income Trust by 2.8% in the third quarter. Graypoint LLC now owns 189,418 shares of the investment management company’s stock valued at $2,451,000 after purchasing an additional 5,206 shares during the last quarter.

About BlackRock Floating Rate Income Trust

BlackRock Floating Rate Income Trust is a close ended fixed income mutual fund launched by BlackRoack Inc The fund is co-managed by BlackRock Advisors, LLC and BlackRock Financial Management, Inc It invests in the fixed income markets across the globe while focusing on the United States. The fund invests in bonds of companies operating across diversified sectors.