BlackRock Floating Rate Income Trust (NYSE:BGT – Get Free Report) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 45,700 shares, an increase of 153.9% from the January 15th total of 18,000 shares. Based on an average daily volume of 104,200 shares, the days-to-cover ratio is presently 0.4 days.
BlackRock Floating Rate Income Trust Price Performance
NYSE BGT opened at $12.69 on Tuesday. The business’s 50 day moving average price is $12.22 and its 200-day moving average price is $12.03. BlackRock Floating Rate Income Trust has a fifty-two week low of $10.75 and a fifty-two week high of $12.69.
BlackRock Floating Rate Income Trust Cuts Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a dividend yield of 11.35%. The ex-dividend date is Wednesday, February 14th.
Hedge Funds Weigh In On BlackRock Floating Rate Income Trust
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.
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