BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Short Interest Update

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 278,395 shares, a decrease of 24.1% from the December 15th total of 366,786 shares. Based on an average trading volume of 331,429 shares, the days-to-cover ratio is presently 0.8 days. Based on an average trading volume of 331,429 shares, the days-to-cover ratio is presently 0.8 days.

BlackRock Floating Rate Income Strategies Fund Stock Performance

NYSE FRA traded up $0.02 on Friday, reaching $12.10. The stock had a trading volume of 1,250,036 shares, compared to its average volume of 366,112. BlackRock Floating Rate Income Strategies Fund has a 1 year low of $10.90 and a 1 year high of $13.41. The business has a 50 day moving average price of $11.87 and a 200 day moving average price of $12.63.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $0.1238 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 12.3%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers raised its stake in shares of BlackRock Floating Rate Income Strategies Fund by 146.1% in the second quarter. Cetera Investment Advisers now owns 106,965 shares of the investment management company’s stock valued at $1,406,000 after acquiring an additional 63,507 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in BlackRock Floating Rate Income Strategies Fund during the 2nd quarter valued at $250,000. Allworth Financial LP bought a new position in BlackRock Floating Rate Income Strategies Fund in the 2nd quarter valued at $250,000. Guggenheim Capital LLC raised its position in BlackRock Floating Rate Income Strategies Fund by 13.2% in the 2nd quarter. Guggenheim Capital LLC now owns 1,444,837 shares of the investment management company’s stock valued at $18,985,000 after purchasing an additional 168,986 shares during the last quarter. Finally, Future Financial Wealth Managment LLC boosted its stake in BlackRock Floating Rate Income Strategies Fund by 4.3% in the second quarter. Future Financial Wealth Managment LLC now owns 34,357 shares of the investment management company’s stock worth $451,000 after purchasing an additional 1,403 shares in the last quarter.

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.