BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Short Interest Update

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 308,233 shares, a growth of 85.5% from the January 15th total of 166,165 shares. Based on an average daily volume of 267,078 shares, the short-interest ratio is presently 1.2 days. Based on an average daily volume of 267,078 shares, the short-interest ratio is presently 1.2 days.

Hedge Funds Weigh In On BlackRock Floating Rate Income Strategies Fund

Several large investors have recently made changes to their positions in the business. Royal Bank of Canada grew its stake in shares of BlackRock Floating Rate Income Strategies Fund by 79.9% in the 1st quarter. Royal Bank of Canada now owns 165,544 shares of the investment management company’s stock worth $2,139,000 after purchasing an additional 73,518 shares during the last quarter. Marathon Strategic Advisors LLC grew its position in BlackRock Floating Rate Income Strategies Fund by 9.0% in the second quarter. Marathon Strategic Advisors LLC now owns 280,236 shares of the investment management company’s stock worth $3,682,000 after buying an additional 23,183 shares during the last quarter. International Assets Investment Management LLC acquired a new position in BlackRock Floating Rate Income Strategies Fund in the second quarter worth approximately $133,000. Klingman & Associates LLC increased its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 3.0% in the second quarter. Klingman & Associates LLC now owns 43,800 shares of the investment management company’s stock valued at $576,000 after buying an additional 1,260 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of BlackRock Floating Rate Income Strategies Fund by 5.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 17,585 shares of the investment management company’s stock valued at $231,000 after acquiring an additional 837 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Stock Performance

NYSE FRA traded down $0.12 on Friday, reaching $11.62. 135,993 shares of the stock traded hands, compared to its average volume of 232,216. BlackRock Floating Rate Income Strategies Fund has a 12 month low of $10.90 and a 12 month high of $13.41. The firm’s fifty day simple moving average is $11.81 and its 200 day simple moving average is $12.45.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $0.1238 per share. This represents a c) dividend on an annualized basis and a yield of 12.8%. The ex-dividend date of this dividend is Friday, March 13th.

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.