Short Interest in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Drops By 60.3%

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 59,448 shares, a decrease of 60.3% from the April 15th total of 149,761 shares. Based on an average daily volume of 135,461 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Readystate Asset Management LP acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 4th quarter valued at approximately $5,774,000. Balyasny Asset Management L.P. acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 4th quarter valued at approximately $2,772,000. GraniteShares Advisors LLC acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 4th quarter valued at approximately $2,707,000. Cerity Partners LLC acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 4th quarter valued at approximately $2,533,000. Finally, Lalia Capital LLC acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 4th quarter valued at approximately $2,093,000.

BlackRock Floating Rate Income Strategies Fund Stock Performance

BlackRock Floating Rate Income Strategies Fund stock traded up $0.02 during trading hours on Thursday, reaching $11.23. 57,933 shares of the company’s stock traded hands, compared to its average volume of 184,105. The firm’s 50 day moving average is $10.99 and its 200-day moving average is $11.56. BlackRock Floating Rate Income Strategies Fund has a fifty-two week low of $10.50 and a fifty-two week high of $13.41.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.1238 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%.

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.