BlackRock Floating Rate Income Trust (NYSE:BGT) Short Interest Update

BlackRock Floating Rate Income Trust (NYSE:BGT) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 76,300 shares, a growth of 43.7% from the March 15th total of 53,100 shares. Based on an average trading volume of 161,900 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On BlackRock Floating Rate Income Trust

Several institutional investors have recently bought and sold shares of BGT. Guggenheim Capital LLC increased its position in shares of BlackRock Floating Rate Income Trust by 38.7% during the fourth quarter. Guggenheim Capital LLC now owns 981,677 shares of the investment management company’s stock worth $12,624,000 after acquiring an additional 273,835 shares during the period. LPL Financial LLC grew its stake in BlackRock Floating Rate Income Trust by 19.3% in the 4th quarter. LPL Financial LLC now owns 486,324 shares of the investment management company’s stock valued at $6,254,000 after acquiring an additional 78,573 shares during the period. Raymond James Financial Inc. acquired a new position in BlackRock Floating Rate Income Trust in the 4th quarter valued at $705,000. LaSalle St. Investment Advisors LLC purchased a new position in BlackRock Floating Rate Income Trust in the 4th quarter valued at $298,000. Finally, Client First Capital LLC acquired a new stake in BlackRock Floating Rate Income Trust during the 4th quarter worth $218,000.

BlackRock Floating Rate Income Trust Stock Up 0.2 %

Shares of BGT stock traded up $0.03 during trading hours on Friday, reaching $11.69. 56,057 shares of the company traded hands, compared to its average volume of 121,504. BlackRock Floating Rate Income Trust has a 12-month low of $10.21 and a 12-month high of $13.97. The firm has a 50-day moving average price of $12.31 and a 200 day moving average price of $12.72.

BlackRock Floating Rate Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.1203 per share. This represents a $1.44 annualized dividend and a yield of 12.35%. The ex-dividend date of this dividend is Tuesday, April 15th.

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.