BlackRock Floating Rate Income Trust Stock Forecast, Price & News

BlackRock Floating Rate Income Trust's stock was trading at $11.07 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, BGT stock has increased by 6.7% and is now trading at $11.81.
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Wall Street analysts have given BlackRock Floating Rate Income Trust a "N/A" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but BlackRock Floating Rate Income Trust wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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BlackRock Floating Rate Income Trust declared a monthly dividend on Monday, November 2nd. Shareholders of record on Monday, November 16th will be paid a dividend of $0.076 per share on Monday, November 30th. This represents a $0.91 dividend on an annualized basis and a yield of 7.72%. The ex-dividend date of this dividend is Friday, November 13th.
View BlackRock Floating Rate Income Trust's dividend history.

BlackRock Floating Rate Income Trust saw a increase in short interest during the month of October. As of October 15th, there was short interest totaling 11,000 shares, an increase of 29.4% from the September 30th total of 8,500 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.
View BlackRock Floating Rate Income Trust's Short Interest.

Some companies that are related to BlackRock Floating Rate Income Trust include Aberdeen Global Dynamic Dividend Fund (AGD), Aberdeen Income Credit Strategies Fund (ACP), Aberdeen International (AABVF), Aberdeen Total Dynamic Dividend Fund (AOD), AllianceBernstein National Municipal Income Fund (AFB), AllianzGI Convertible & Income 2024 Target Term Fund (CBH), AllianzGI Convertible & Income Fund (NCV), AllianzGI Convertible & Income Fund II (NCZ), AllianzGI Dividend, Interest & Premium Strategy Fund (NFJ), Apollo Tactical Income Fund (AIF), Ares Dynamic Credit Allocation Fund (ARDC), BlackRock 2022 Global Income Opportunity Trust (BGIO), BlackRock Corporate High Yield Fund (HYT), BlackRock Credit Allocation Income Trust (BTZ) and BlackRock Floating Rate Income Strategies Fund (FRA).
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Based on aggregate information from My MarketBeat watchlists, some companies that other BlackRock Floating Rate Income Trust investors own include Philip Morris International (PM), AT&T (T), The Blackstone Group (BX), Citigroup (C), Energy Transfer (ET), Main Street Capital (MAIN), Pembina Pipeline (PBA), Pfizer (PFE), PIMCO Corporate & Income Opportunity Fund (PTY) and Verizon Communications (VZ).

BlackRock Floating Rate Income Trust trades on the New York Stock Exchange (NYSE) under the ticker symbol "BGT."

BlackRock Floating Rate Income Trust's stock is owned by a number of institutional and retail investors. Top institutional investors include Saba Capital Management L.P. (0.00%), Guggenheim Capital LLC (0.00%), Advisors Asset Management Inc. (0.00%), Morgan Stanley (0.00%), Wells Fargo & Company MN (0.00%) and ProVise Management Group LLC (0.00%). Company insiders that own BlackRock Floating Rate Income Trust stock include Henry Gabbay and May Peter.
View institutional ownership trends for BlackRock Floating Rate Income Trust.

BGT stock was sold by a variety of institutional investors in the last quarter, including Rivernorth Capital Management LLC, Capital Investment Advisors LLC, RMB Capital Management LLC, Wells Fargo & Company MN, Raymond James & Associates, Virtus ETF Advisers LLC, Envestnet Asset Management Inc., and Guggenheim Capital LLC.
View insider buying and selling activity for BlackRock Floating Rate Income Trust.

BGT stock was bought by a variety of institutional investors in the last quarter, including Saba Capital Management L.P., Morgan Stanley, Kestra Private Wealth Services LLC, CNH Partners LLC, and Park Avenue Securities LLC.
View insider buying and selling activity for BlackRock Floating Rate Income Trust.

Shares of BGT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of BGT stock can currently be purchased for approximately $11.81.

The official website for BlackRock Floating Rate Income Trust is www.blackrock.com.

BlackRock Floating Rate Income Trust's mailing address is 100 Bellevue Pkwy, WILMINGTON, DE 19809-3700, United States. The investment management company can be reached via phone at 302-797-2000.