Short Interest in BlackRock Floating Rate Income Trust (NYSE:BGT) Increases By 17.3%

BlackRock Floating Rate Income Trust (NYSE:BGT) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 126,200 shares, an increase of 17.3% from the November 15th total of 107,600 shares. Based on an average daily volume of 106,800 shares, the days-to-cover ratio is currently 1.2 days.

BlackRock Floating Rate Income Trust Trading Up 0.6 %

NYSE BGT traded up $0.08 during trading on Monday, reaching $13.27. The company’s stock had a trading volume of 40,477 shares, compared to its average volume of 104,876. BlackRock Floating Rate Income Trust has a twelve month low of $12.01 and a twelve month high of $13.97. The business’s fifty day moving average price is $13.07 and its 200-day moving average price is $12.95.

BlackRock Floating Rate Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 16th will be given a dividend of $0.1203 per share. The ex-dividend date is Monday, December 16th. This represents a $1.44 dividend on an annualized basis and a yield of 10.88%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Penserra Capital Management LLC purchased a new position in BlackRock Floating Rate Income Trust in the 3rd quarter valued at $8,284,000. Graypoint LLC lifted its stake in shares of BlackRock Floating Rate Income Trust by 2.8% in the 3rd quarter. Graypoint LLC now owns 189,418 shares of the investment management company’s stock worth $2,451,000 after acquiring an additional 5,206 shares during the period. MML Investors Services LLC boosted its holdings in shares of 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 acquiring an additional 2,531 shares in the last quarter. MONECO Advisors LLC increased its stake in shares of BlackRock Floating Rate Income Trust by 5.0% during the third quarter. MONECO Advisors LLC now owns 24,377 shares of the investment management company’s stock worth $315,000 after acquiring an additional 1,150 shares during the period. Finally, Horizon Kinetics Asset Management LLC raised its holdings 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 in 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.