BlackRock Floating Rate Income Trust (NYSE:BGT) Stock Short Interest Report for October

BlackRock Floating Rate Income Trust (NYSE:BGT) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 177,738 shares, a decrease of 58.5% from the September 30th total of 428,202 shares. Based on an average daily volume of 168,951 shares, the short-interest ratio is presently 1.1 days.

Institutional Trading of BlackRock Floating Rate Income Trust

A number of hedge funds have recently bought and sold shares of BGT. Sanctuary Advisors LLC purchased a new position in shares of BlackRock Floating Rate Income Trust in the second quarter worth approximately $754,000. Bank of America Corp DE bought a new stake in BlackRock Floating Rate Income Trust during the second quarter valued at approximately $608,000. BlackRock Inc. bought a new stake in BlackRock Floating Rate Income Trust during the second quarter valued at approximately $140,000. Landscape Capital Management L.L.C. purchased a new stake in BlackRock Floating Rate Income Trust during the second quarter valued at approximately $474,000. Finally, EP Wealth Advisors LLC purchased a new stake in BlackRock Floating Rate Income Trust during the second quarter valued at approximately $168,000.

BlackRock Floating Rate Income Trust Trading Down 0.3%

BGT stock traded down $0.03 on Friday, hitting $9.95. The company had a trading volume of 181,002 shares, compared to its average volume of 130,662. BlackRock Floating Rate Income Trust has a 12-month low of $9.71 and a 12-month high of $11.95. The stock’s 50-day simple moving average is $10.53 and its 200 day simple moving average is $10.83.

BlackRock Floating Rate Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be issued a $0.1203 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.44 annualized dividend and a dividend yield of 14.5%.

About BlackRock Floating Rate Income Trust

BlackRock Floating Rate Income Trust is a closed-end management investment company listed on the New York Stock Exchange under the symbol BGT. The fund seeks to provide a high level of current income, with a secondary objective of capital appreciation.

The trust invests primarily in floating-rate loans and other floating-rate debt instruments, including senior secured corporate loans. These investments are generally made in below-investment-grade or unrated issuers and are designed to provide exposure to income-producing corporate credit while limiting sensitivity to changes in prevailing interest rates.

BlackRock Floating Rate Income Trust is managed by BlackRock Advisors, LLC, an affiliate of BlackRock, Inc The portfolio may invest in issuers across a range of industries and geographic markets, with an emphasis on the U.S.