BlackRock Floating Rate Income Trust (NYSE:BGT) Short Interest Up 25.6% in October

BlackRock Floating Rate Income Trust (NYSE:BGT) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 102,100 shares, a growth of 25.6% from the October 15th total of 81,300 shares. Based on an average trading volume of 96,900 shares, the short-interest ratio is currently 1.1 days.

Institutional Trading of BlackRock Floating Rate Income Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Advisor Group LLC bought a new position in BlackRock Floating Rate Income Trust in the 3rd quarter valued at $152,000. Avantax Advisory Services Inc. grew its position in BlackRock Floating Rate Income Trust by 12.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 18,735 shares of the investment management company’s stock valued at $243,000 after acquiring an additional 2,112 shares during 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 during the last quarter. MONECO Advisors LLC grew its position in BlackRock Floating Rate Income Trust by 5.0% in the 3rd quarter. MONECO Advisors LLC now owns 24,377 shares of the investment management company’s stock valued at $315,000 after acquiring an additional 1,150 shares during the last quarter. Finally, MML Investors Services LLC grew its position in BlackRock Floating Rate Income Trust by 2.7% in 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 last quarter.

BlackRock Floating Rate Income Trust Stock Up 0.9 %

Shares of BGT opened at $13.04 on Friday. BlackRock Floating Rate Income Trust has a 1 year low of $11.77 and a 1 year high of $13.97. The business’s 50 day simple moving average is $12.95 and its 200-day simple moving average is $12.96.

BlackRock Floating Rate Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.1203 per share. The ex-dividend date is Friday, November 15th. This represents a $1.44 annualized dividend and a yield of 11.07%.

BlackRock Floating Rate Income Trust Company Profile

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.