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 in 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 trading volume of 151,500 shares, the days-to-cover ratio is currently 0.4 days.

BlackRock Floating Rate Income Trust Trading Down 0.3 %

BGT stock traded down $0.04 during trading on Wednesday, reaching $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 1-year low of $12.05 and a 1-year high of $13.97. The company’s fifty day moving average price is $12.70 and its 200-day moving average price is $12.87.

BlackRock Floating Rate Income Trust Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.1203 per share. The ex-dividend date is Friday, March 14th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Elequin Capital LP acquired a new position in BlackRock Floating Rate Income Trust during the 4th quarter worth $57,000. Cary Street Partners Financial LLC acquired a new stake in shares of BlackRock Floating Rate Income Trust in the fourth quarter valued at $129,000. Virtus ETF Advisers LLC lifted its holdings in shares of BlackRock Floating Rate Income Trust by 17.2% in the fourth quarter. Virtus ETF Advisers LLC now owns 57,814 shares of the investment management company’s stock valued at $743,000 after buying an additional 8,485 shares during the period. MML Investors Services LLC lifted its holdings in shares of BlackRock Floating Rate Income Trust by 1.7% in the fourth quarter. MML Investors Services LLC now owns 98,517 shares of the investment management company’s stock valued at $1,267,000 after buying an additional 1,626 shares during the period. Finally, Guggenheim Capital LLC lifted its holdings in shares of BlackRock Floating Rate Income Trust by 38.7% in the fourth quarter. Guggenheim Capital LLC now owns 981,677 shares of the investment management company’s stock valued at $12,624,000 after buying an additional 273,835 shares during the period.

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.