Short Interest in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Declines By 35.1%

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) saw a significant decrease in short interest in December. As of December 15th, there was short interest totaling 366,786 shares, a decrease of 35.1% from the November 30th total of 565,455 shares. Based on an average daily volume of 295,115 shares, the short-interest ratio is currently 1.2 days. Based on an average daily volume of 295,115 shares, the short-interest ratio is currently 1.2 days.

BlackRock Floating Rate Income Strategies Fund Stock Performance

Shares of FRA stock traded down $0.11 on Monday, reaching $11.74. 403,404 shares of the company’s stock traded hands, compared to its average volume of 153,342. BlackRock Floating Rate Income Strategies Fund has a 12-month low of $10.90 and a 12-month high of $14.03. The business’s 50 day moving average price is $12.03 and its two-hundred day moving average price is $12.73.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be paid a dividend of $0.1238 per share. This represents a c) annualized dividend and a yield of 12.7%. The ex-dividend date of this dividend is Monday, December 22nd.

Institutional Trading of BlackRock Floating Rate Income Strategies Fund

A number of hedge funds have recently made changes to their positions in FRA. Sound Income Strategies LLC acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund during the third quarter worth approximately $27,000. International Assets Investment Management LLC purchased a new stake in BlackRock Floating Rate Income Strategies Fund in the 2nd quarter worth approximately $133,000. Envestnet Asset Management Inc. lifted its position in BlackRock Floating Rate Income Strategies Fund by 5.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 17,585 shares of the investment management company’s stock worth $231,000 after buying an additional 837 shares in the last quarter. Verus Capital Partners LLC boosted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 20.0% during the 3rd quarter. Verus Capital Partners LLC now owns 18,000 shares of the investment management company’s stock valued at $234,000 after buying an additional 3,000 shares during the period. Finally, Insigneo Advisory Services LLC grew its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 59.9% during the 2nd quarter. Insigneo Advisory Services LLC now owns 18,050 shares of the investment management company’s stock valued at $237,000 after acquiring an additional 6,763 shares in the last quarter.

BlackRock Floating Rate Income Strategies Fund Company Profile

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.