BlackRock Floating Rate Income Trust (NYSE:BGT) Short Interest Down 18.4% in December

BlackRock Floating Rate Income Trust (NYSE:BGT) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totaling 27,233 shares, a decrease of 18.4% from the December 15th total of 33,387 shares. Based on an average daily trading volume, of 213,014 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 213,014 shares, the short-interest ratio is presently 0.1 days.

BlackRock Floating Rate Income Trust Trading Down 0.8%

NYSE:BGT opened at $11.47 on Wednesday. BlackRock Floating Rate Income Trust has a twelve month low of $10.21 and a twelve month high of $12.95. The company has a fifty day moving average of $11.36 and a 200-day moving average of $11.94.

BlackRock Floating Rate Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a $0.1203 dividend. This represents a c) annualized dividend and a yield of 12.6%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Trading of BlackRock Floating Rate Income Trust

Large investors have recently made changes to their positions in the company. Guggenheim Capital LLC raised its stake in BlackRock Floating Rate Income Trust by 15.7% during the 2nd quarter. Guggenheim Capital LLC now owns 1,374,019 shares of the investment management company’s stock worth $17,203,000 after buying an additional 186,748 shares during the period. Global Retirement Partners LLC acquired a new stake in BlackRock Floating Rate Income Trust in the second quarter valued at approximately $387,000. Trust Co. of Toledo NA OH bought a new stake in shares of BlackRock Floating Rate Income Trust during the second quarter valued at approximately $49,000. Donoghue Forlines LLC acquired a new position in shares of BlackRock Floating Rate Income Trust during the third quarter worth approximately $11,418,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of BlackRock Floating Rate Income Trust during the third quarter worth approximately $26,000.

BlackRock Floating Rate Income Trust Company Profile

BlackRock Floating Rate Income Trust (NYSE: BGT) is a diversified, closed-end management investment company that seeks to generate current income by investing in floating rate debt instruments. Established and managed by BlackRock Advisors, the trust provides investors with exposure to senior secured loans, high-yield corporate debt, collateralized loan obligations (CLOs) and other floating rate credit products. By focusing on floating rate securities, the fund aims to offer protection against rising interest rates while pursuing consistent income generation.

The trust’s portfolio is constructed through an active, research-driven process led by a team of credit specialists within BlackRock’s Global Credit platform.