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

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

Institutional Investors Weigh In On BlackRock Floating Rate Income Trust

A number of institutional investors have recently made changes to their positions in BGT. MONECO Advisors LLC grew its stake in shares of 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 buying an additional 1,150 shares in the last quarter. MML Investors Services LLC boosted its holdings in BlackRock Floating Rate Income Trust by 2.7% during the 3rd 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 during the period. Graypoint LLC grew its position in 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 valued at $2,451,000 after acquiring an additional 5,206 shares in the last quarter. Horizon Kinetics Asset Management LLC grew its position in BlackRock Floating Rate Income Trust by 56.0% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 19,778 shares of the investment management company’s stock valued at $256,000 after acquiring an additional 7,100 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new stake in BlackRock Floating Rate Income Trust during the third quarter worth about $152,000.

BlackRock Floating Rate Income Trust Stock Performance

Shares of NYSE BGT traded down $0.05 during mid-day trading on Wednesday, reaching $12.86. 148,293 shares of the company’s stock were exchanged, compared to its average volume of 106,088. The company’s 50-day moving average is $13.05 and its 200-day moving average is $12.95. BlackRock Floating Rate Income Trust has a 52-week low of $12.01 and a 52-week high of $13.97.

BlackRock Floating Rate Income Trust Announces Dividend

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

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.