BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Sees Significant Growth in Short Interest

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 541,000 shares, an increase of 41.9% from the November 30th total of 381,300 shares. Based on an average daily volume of 138,900 shares, the short-interest ratio is presently 3.9 days.

Institutional Trading of BlackRock Floating Rate Income Strategies Fund

A number of institutional investors and hedge funds have recently modified their holdings of FRA. Kades & Cheifetz LLC grew its position in BlackRock Floating Rate Income Strategies Fund by 1.3% in the 3rd quarter. Kades & Cheifetz LLC now owns 73,781 shares of the investment management company’s stock worth $974,000 after purchasing an additional 929 shares during the period. Whitener Capital Management Inc. grew its stake in shares of BlackRock Floating Rate Income Strategies Fund by 4.4% during the 3rd quarter. Whitener Capital Management Inc. now owns 29,186 shares of the investment management company’s stock valued at $385,000 after purchasing an additional 1,236 shares during the period. Future Financial Wealth Managment LLC increased its position in shares of BlackRock Floating Rate Income Strategies Fund by 29.5% during the 3rd quarter. Future Financial Wealth Managment LLC now owns 47,394 shares of the investment management company’s stock valued at $626,000 after purchasing an additional 10,788 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of BlackRock Floating Rate Income Strategies Fund in the 3rd quarter worth approximately $18,990,000. Finally, Commonwealth Equity Services LLC grew its position in BlackRock Floating Rate Income Strategies Fund by 1.3% during the second quarter. Commonwealth Equity Services LLC now owns 166,569 shares of the investment management company’s stock valued at $2,155,000 after buying an additional 2,072 shares during the period.

BlackRock Floating Rate Income Strategies Fund Trading Down 1.1 %

Shares of NYSE FRA traded down $0.15 during midday trading on Monday, hitting $13.90. The stock had a trading volume of 195,444 shares, compared to its average volume of 151,436. The business’s 50 day moving average is $14.01 and its 200-day moving average is $13.47. BlackRock Floating Rate Income Strategies Fund has a 52 week low of $12.15 and a 52 week high of $14.50.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 16th were paid a dividend of $0.1238 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.49 annualized dividend and a yield of 10.69%.

BlackRock Floating Rate Income Strategies Fund Company Profile

BlackRock Floating Rate Income Strategies Fund, Inc is a close ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors.