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

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) was the target of a large increase in short interest in the month of 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 trading volume, of 138,900 shares, the short-interest ratio is currently 3.9 days.

Institutional Investors Weigh In On BlackRock Floating Rate Income Strategies Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Penserra Capital Management LLC acquired a new position in BlackRock Floating Rate Income Strategies Fund in the 3rd quarter valued at about $13,195,000. International Assets Investment Management LLC purchased a new stake in BlackRock Floating Rate Income Strategies Fund during the 3rd quarter worth approximately $18,990,000. Advisors Asset Management Inc. lifted its holdings in BlackRock Floating Rate Income Strategies Fund by 19.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 362,930 shares of the investment management company’s stock worth $4,791,000 after buying an additional 59,840 shares in the last quarter. Edgemoor Investment Advisors Inc. increased its position in shares of BlackRock Floating Rate Income Strategies Fund by 191.0% during the second quarter. Edgemoor Investment Advisors Inc. now owns 64,652 shares of the investment management company’s stock worth $837,000 after acquiring an additional 42,437 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the third quarter valued at $276,000.

BlackRock Floating Rate Income Strategies Fund Price Performance

NYSE:FRA traded down $0.15 on Monday, reaching $13.90. The company’s stock had a trading volume of 195,444 shares, compared to its average volume of 151,406. BlackRock Floating Rate Income Strategies Fund has a 12-month low of $12.15 and a 12-month high of $14.50. The stock has a 50 day moving average price of $14.01 and a 200 day moving average price of $13.47.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The business 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. This represents a $1.49 annualized dividend and a yield of 10.69%. The ex-dividend date was Monday, December 16th.

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.