Short Interest in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Rises By 66.2%

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 100,589 shares, a growth of 66.2% from the July 30th total of 60,531 shares. Based on an average daily volume of 160,647 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of BlackRock Floating Rate Income Strategies Fund

Large investors have recently bought and sold shares of the business. Greykasell Wealth Strategies Inc. acquired a new stake in BlackRock Floating Rate Income Strategies Fund in the 4th quarter valued at about $39,000. Fifth Third Bancorp acquired a new position in shares of BlackRock Floating Rate Income Strategies Fund during the 1st quarter worth approximately $44,000. HighTower Advisors LLC acquired a new position in shares of BlackRock Floating Rate Income Strategies Fund during the 4th quarter worth approximately $123,000. Alpine Global Management LLC purchased a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the fourth quarter valued at approximately $131,000. Finally, Janney Montgomery Scott LLC increased its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 8.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 15,482 shares of the investment management company’s stock valued at $182,000 after purchasing an additional 1,248 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Price Performance

Shares of BlackRock Floating Rate Income Strategies Fund stock traded up $0.06 during trading hours on Monday, reaching $11.13. 275,874 shares of the company’s stock were exchanged, compared to its average volume of 166,950. BlackRock Floating Rate Income Strategies Fund has a 1 year low of $10.50 and a 1 year high of $13.41. The business has a fifty day moving average of $10.87 and a two-hundred day moving average of $11.00.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.1238 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 13.4%.

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.