Short Interest in BlackRock Floating Rate Income Trust (NYSE:BGT) Decreases By 20.7%

BlackRock Floating Rate Income Trust (NYSE:BGT) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 53,100 shares, a decline of 20.7% from the February 28th total of 67,000 shares. Based on an average trading volume of 150,900 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of BlackRock Floating Rate Income Trust

Large investors have recently made changes to their positions in the business. MML Investors Services LLC lifted its holdings 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 buying an additional 2,531 shares during the period. Graypoint LLC lifted its position in BlackRock Floating Rate Income Trust by 2.8% in the 4th quarter. Graypoint LLC now owns 194,738 shares of the investment management company’s stock valued at $2,504,000 after acquiring an additional 5,320 shares in the last quarter. Client First Capital LLC bought a new position in shares of BlackRock Floating Rate Income Trust during the fourth quarter worth about $218,000. Raymond James Financial Inc. bought a new stake in shares of BlackRock Floating Rate Income Trust in the fourth quarter worth $705,000. Finally, Avantax Advisory Services Inc. increased its position in shares of BlackRock Floating Rate Income Trust by 60.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 33,005 shares of the investment management company’s stock valued at $424,000 after acquiring an additional 12,447 shares during the last quarter.

BlackRock Floating Rate Income Trust Stock Down 0.6 %

Shares of NYSE BGT traded down $0.08 during mid-day trading on Wednesday, hitting $12.33. The company had a trading volume of 81,272 shares, compared to its average volume of 116,399. The business’s 50-day simple moving average is $12.59 and its 200-day simple moving average is $12.82. BlackRock Floating Rate Income Trust has a 12 month low of $12.05 and a 12 month high of $13.97.

BlackRock Floating Rate Income Trust Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.1203 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.44 dividend on an annualized basis and a yield of 11.71%.

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.