BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Short Interest Up 41.9% in December

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

Institutional Investors Weigh In On BlackRock Floating Rate Income Strategies Fund

Large investors have recently modified their holdings of the business. Penserra Capital Management LLC acquired a new stake in BlackRock Floating Rate Income Strategies Fund in the third quarter valued at about $13,195,000. International Assets Investment Management LLC acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 3rd quarter valued at approximately $18,990,000. Advisors Asset Management Inc. grew its holdings in shares of 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 valued at $4,791,000 after purchasing an additional 59,840 shares during the last quarter. Edgemoor Investment Advisors Inc. increased its position in BlackRock Floating Rate Income Strategies Fund by 191.0% during the 2nd quarter. Edgemoor Investment Advisors Inc. now owns 64,652 shares of the investment management company’s stock worth $837,000 after purchasing an additional 42,437 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new position in BlackRock Floating Rate Income Strategies Fund in the 3rd quarter valued at approximately $276,000.

BlackRock Floating Rate Income Strategies Fund Stock Down 1.1 %

FRA stock traded down $0.15 during midday trading on Monday, reaching $13.90. The company had a trading volume of 195,444 shares, compared to its average volume of 151,436. BlackRock Floating Rate Income Strategies Fund has a 1-year low of $12.15 and a 1-year 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 Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 16th were given a dividend of $0.1238 per share. The ex-dividend date was Monday, December 16th. This represents a $1.49 annualized dividend and a yield of 10.69%.

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.