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

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 64,422 shares, a decrease of 53.3% from the August 31st total of 137,927 shares. Based on an average trading volume of 125,665 shares, the days-to-cover ratio is presently 0.5 days.

BlackRock Floating Rate Income Strategies Fund Stock Down 0.6%

Shares of NYSE:FRA traded down $0.06 on Wednesday, hitting $10.57. The stock had a trading volume of 194,012 shares, compared to its average volume of 164,716. The firm’s 50 day moving average price is $10.82 and its 200-day moving average price is $10.91. BlackRock Floating Rate Income Strategies Fund has a twelve month low of $10.37 and a twelve month high of $13.04.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be paid a $0.1238 dividend. The ex-dividend date is Friday, December 11th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 14.1%.

Institutional Trading of BlackRock Floating Rate Income Strategies Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Klingman & Associates LLC lifted its position in BlackRock Floating Rate Income Strategies Fund by 3.3% during the 1st quarter. Klingman & Associates LLC now owns 48,010 shares of the investment management company’s stock worth $529,000 after buying an additional 1,554 shares in the last quarter. Wagner Wealth Management LLC raised its stake in shares of BlackRock Floating Rate Income Strategies Fund by 3.2% in the first quarter. Wagner Wealth Management LLC now owns 57,401 shares of the investment management company’s stock worth $633,000 after acquiring an additional 1,789 shares during the last quarter. 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. Fifth Third Bancorp acquired a new position in shares of BlackRock Floating Rate Income Strategies Fund during the first quarter worth approximately $44,000. Finally, Cetera Investment Advisers grew its stake in shares of BlackRock Floating Rate Income Strategies Fund by 3.1% during the first quarter. Cetera Investment Advisers now owns 149,418 shares of the investment management company’s stock valued at $1,647,000 after purchasing an additional 4,555 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Company Profile

BlackRock Floating Rate Income Strategies Fund, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol FRA. The fund seeks to provide a high level of current income, while also considering preservation of capital, by investing primarily in floating-rate loans and other floating-rate debt instruments.

The fund’s portfolio may include senior secured loans, corporate debt securities and other income-producing investments issued by companies across a range of industries.