Short Interest in BlackRock Floating Rate Income Trust (NYSE:BGT) Rises By 38.6%

BlackRock Floating Rate Income Trust (NYSE:BGT) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 60,300 shares, a growth of 38.6% from the January 31st total of 43,500 shares. Based on an average daily volume of 151,500 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On BlackRock Floating Rate Income Trust

Institutional investors have recently made changes to their positions in the company. Elequin Capital LP bought a new stake in shares of BlackRock Floating Rate Income Trust in the 4th quarter valued at approximately $57,000. Cary Street Partners Financial LLC acquired a new position in BlackRock Floating Rate Income Trust during the 4th quarter valued at approximately $129,000. XTX Topco Ltd acquired a new position in BlackRock Floating Rate Income Trust during the 4th quarter valued at approximately $145,000. Private Advisor Group LLC acquired a new position in BlackRock Floating Rate Income Trust during the 3rd quarter valued at approximately $152,000. Finally, StoneX Group Inc. acquired a new position in BlackRock Floating Rate Income Trust during the 4th quarter valued at approximately $188,000.

BlackRock Floating Rate Income Trust Price Performance

BGT stock traded down $0.04 during midday trading on Wednesday, hitting $12.64. 40,250 shares of the company’s stock were exchanged, compared to its average volume of 114,500. BlackRock Floating Rate Income Trust has a 12-month low of $12.05 and a 12-month high of $13.97. The firm has a 50 day moving average price of $12.70 and a 200-day moving average price of $12.87.

BlackRock Floating Rate Income Trust Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.1203 dividend. The ex-dividend date is Friday, March 14th.

BlackRock Floating Rate Income Trust Company Profile

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.