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

BlackRock Floating Rate Income Trust (NYSE:BGT) was the recipient of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 36,899 shares, a decline of 79.2% from the October 15th total of 177,738 shares. Based on an average daily trading volume, of 182,662 shares, the short-interest ratio is currently 0.2 days.

BlackRock Floating Rate Income Trust Stock Performance

BGT stock traded down $0.04 during trading on Thursday, reaching $10.08. The stock had a trading volume of 99,135 shares, compared to its average volume of 133,142. The firm has a fifty day moving average price of $10.37 and a 200 day moving average price of $10.76. BlackRock Floating Rate Income Trust has a 1-year low of $9.71 and a 1-year high of $11.67.

BlackRock Floating Rate Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be given a dividend of $0.1203 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 14.3%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BGT. Sanctuary Advisors LLC purchased a new stake in BlackRock Floating Rate Income Trust during the 2nd quarter worth approximately $754,000. Bank of America Corp DE purchased a new position in shares of BlackRock Floating Rate Income Trust during the 2nd quarter valued at approximately $608,000. Integrity Alliance LLC. grew its position in shares of BlackRock Floating Rate Income Trust by 64.9% during the third quarter. Integrity Alliance LLC. now owns 731,157 shares of the investment management company’s stock worth $7,684,000 after buying an additional 287,787 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of BlackRock Floating Rate Income Trust during the third quarter worth approximately $140,000. Finally, Advisors Asset Management Inc. bought a new stake in shares of BlackRock Floating Rate Income Trust in the third quarter worth $5,075,000.

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.