Short Interest in BlackRock Floating Rate Income Trust (NYSE:BGT) Drops By 20.7%

Posted by Emily Schoerning on Mar 31st, 2025

BlackRock Floating Rate Income Trust (NYSE:BGT – Get Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 53,100 shares, a drop of 20.7% from the February 28th total of 67,000 shares. Based on an average daily trading volume, of 150,900 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BGT. Elequin Capital LP purchased a new stake in BlackRock Floating Rate Income Trust in the 4th quarter valued at $57,000. Cary Street Partners Financial LLC purchased a new position in BlackRock Floating Rate Income Trust during the 4th quarter worth $129,000. XTX Topco Ltd bought a new stake in shares of BlackRock Floating Rate Income Trust in the 4th quarter worth $145,000. StoneX Group Inc. purchased a new stake in shares of BlackRock Floating Rate Income Trust in the fourth quarter valued at about $188,000. Finally, Client First Capital LLC purchased a new position in BlackRock Floating Rate Income Trust during the fourth quarter worth about $218,000.

BlackRock Floating Rate Income Trust Price Performance

NYSE:BGT opened at $12.44 on Monday. BlackRock Floating Rate Income Trust has a one year low of $12.05 and a one year high of $13.97. The firm has a 50-day moving average of $12.60 and a 200-day moving average of $12.83.

BlackRock Floating Rate Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.1203 dividend. This represents a $1.44 annualized dividend and a dividend yield of 11.61%. The ex-dividend date is Friday, March 14th.

BlackRock Floating Rate Income Trust Company Profile

(Get Free Report)

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.