BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Short Interest Up 32.6% in March

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 234,400 shares, a growth of 32.6% from the February 28th total of 176,800 shares. Based on an average daily volume of 192,500 shares, the short-interest ratio is currently 1.2 days.

BlackRock Floating Rate Income Strategies Fund Price Performance

FRA stock traded down $0.06 during trading on Tuesday, reaching $12.87. 127,149 shares of the company traded hands, compared to its average volume of 157,343. The business has a 50 day simple moving average of $12.97 and a 200 day simple moving average of $13.45. BlackRock Floating Rate Income Strategies Fund has a 12 month low of $12.16 and a 12 month high of $14.50.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.1238 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 11.55%.

Institutional Investors Weigh In On BlackRock Floating Rate Income Strategies Fund

A number of large investors have recently bought and sold shares of FRA. Waverly Advisors LLC acquired a new stake in BlackRock Floating Rate Income Strategies Fund in the fourth quarter valued at approximately $449,000. CoreCap Advisors LLC boosted its holdings in BlackRock Floating Rate Income Strategies Fund by 29.5% in the 4th quarter. CoreCap Advisors LLC now owns 10,710 shares of the investment management company’s stock valued at $147,000 after purchasing an additional 2,437 shares during the last quarter. Cetera Investment Advisers increased its stake in BlackRock Floating Rate Income Strategies Fund by 67.2% during the fourth quarter. Cetera Investment Advisers now owns 23,670 shares of the investment management company’s stock worth $325,000 after acquiring an additional 9,512 shares during the last quarter. Bank of America Corp DE increased its position in shares of BlackRock Floating Rate Income Strategies Fund by 9.8% during the 4th quarter. Bank of America Corp DE now owns 649,929 shares of the investment management company’s stock worth $8,937,000 after purchasing an additional 58,089 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of BlackRock Floating Rate Income Strategies Fund by 13.4% in the 4th quarter. Ameriprise Financial Inc. now owns 196,385 shares of the investment management company’s stock valued at $2,700,000 after acquiring an additional 23,156 shares during the period.

About BlackRock Floating Rate Income Strategies Fund

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.