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

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) was the recipient of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 308,233 shares, a growth of 85.5% from the January 15th total of 166,165 shares. Based on an average trading volume of 267,078 shares, the short-interest ratio is currently 1.2 days. Based on an average trading volume of 267,078 shares, the short-interest ratio is currently 1.2 days.

BlackRock Floating Rate Income Strategies Fund Stock Down 1.0%

Shares of NYSE:FRA traded down $0.12 during trading on Friday, hitting $11.62. 135,993 shares of the company traded hands, compared to its average volume of 232,216. The business’s fifty day moving average is $11.81 and its 200-day moving average is $12.45. BlackRock Floating Rate Income Strategies Fund has a one year low of $10.90 and a one year high of $13.41.

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 paid a $0.1238 dividend. This represents a c) dividend on an annualized basis and a yield of 12.8%. The ex-dividend date is Friday, March 13th.

Institutional Trading of BlackRock Floating Rate Income Strategies Fund

A number of large investors have recently modified their holdings of the company. Sound Income Strategies LLC acquired a new position in BlackRock Floating Rate Income Strategies Fund during the 3rd quarter valued at about $27,000. Greykasell Wealth Strategies Inc. acquired a new position in shares of BlackRock Floating Rate Income Strategies Fund during the fourth quarter worth approximately $39,000. CoreCap Advisors LLC grew its holdings in BlackRock Floating Rate Income Strategies Fund by 24.2% in the 4th quarter. CoreCap Advisors LLC now owns 7,710 shares of the investment management company’s stock worth $91,000 after buying an additional 1,500 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in BlackRock Floating Rate Income Strategies Fund in the 2nd quarter valued at approximately $133,000. Finally, HighTower Advisors LLC bought a new stake in BlackRock Floating Rate Income Strategies Fund during the 4th quarter valued at $123,000.

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.