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

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 100,589 shares, a growth of 66.2% from the July 30th total of 60,531 shares. Based on an average trading volume of 160,647 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On BlackRock Floating Rate Income Strategies Fund

A number of large investors have recently made changes to their positions in FRA. Readystate Asset Management LP purchased a new position in BlackRock Floating Rate Income Strategies Fund in the 4th quarter worth $5,774,000. Marathon Strategic Advisors LLC raised its stake in shares of BlackRock Floating Rate Income Strategies Fund by 6.3% in the first quarter. Marathon Strategic Advisors LLC now owns 392,654 shares of the investment management company’s stock worth $4,327,000 after purchasing an additional 23,411 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 5.4% during the fourth quarter. Invesco Ltd. now owns 374,050 shares of the investment management company’s stock worth $4,406,000 after purchasing an additional 19,089 shares during the period. Raymond James Financial Inc. increased its holdings in BlackRock Floating Rate Income Strategies Fund by 42.4% in the 3rd quarter. Raymond James Financial Inc. now owns 323,357 shares of the investment management company’s stock worth $4,197,000 after buying an additional 96,273 shares during the period. Finally, Edgemoor Investment Advisors Inc. raised its position in BlackRock Floating Rate Income Strategies Fund by 47.1% during the 4th quarter. Edgemoor Investment Advisors Inc. now owns 296,213 shares of the investment management company’s stock worth $3,489,000 after buying an additional 94,860 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Stock Down 1.0%

Shares of BlackRock Floating Rate Income Strategies Fund stock opened at $11.04 on Wednesday. The company has a 50 day moving average price of $10.88 and a 200 day moving average price of $10.99. BlackRock Floating Rate Income Strategies Fund has a 52 week low of $10.50 and a 52 week high of $13.41.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.1238 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 13.5%.

About BlackRock Floating Rate Income Strategies Fund

BlackRock Floating Rate Income Strategies Fund (NYSE: FRA) is a diversified, closed-end management investment company managed by BlackRock Fund Advisors. The fund primarily seeks to provide current income by investing in floating rate debt instruments, with a focus on senior secured loans and other bank-originated credit facilities. As a publicly traded vehicle, FRA offers investors exposure to a portfolio of floating rate assets designed to adjust coupon payments in response to changes in benchmark interest rates.

In constructing its portfolio, the fund typically allocates a significant portion of its assets to U.S.