Short Interest in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Increases By 35.8%

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) was the recipient of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 381,300 shares, an increase of 35.8% from the November 15th total of 280,700 shares. Based on an average trading volume of 130,200 shares, the short-interest ratio is presently 2.9 days.

BlackRock Floating Rate Income Strategies Fund Stock Performance

NYSE FRA traded down $0.05 during mid-day trading on Friday, reaching $14.28. 238,028 shares of the stock were exchanged, compared to its average volume of 150,955. The business’s 50 day moving average is $13.91 and its 200-day moving average is $13.40. BlackRock Floating Rate Income Strategies Fund has a 1 year low of $12.15 and a 1 year high of $14.50.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 16th will be given a dividend of $0.1238 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 10.41%. The ex-dividend date is Monday, December 16th.

Hedge Funds Weigh In On BlackRock Floating Rate Income Strategies Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Penserra Capital Management LLC purchased a new stake in shares of BlackRock Floating Rate Income Strategies Fund during the third quarter worth about $13,195,000. International Assets Investment Management LLC purchased a new stake in BlackRock Floating Rate Income Strategies Fund during the 3rd quarter worth approximately $18,990,000. Advisors Asset Management Inc. raised its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 19.7% during the third quarter. Advisors Asset Management Inc. now owns 362,930 shares of the investment management company’s stock valued at $4,791,000 after acquiring an additional 59,840 shares during the last quarter. Edgemoor Investment Advisors Inc. lifted its position in shares of BlackRock Floating Rate Income Strategies Fund by 191.0% in the second quarter. Edgemoor Investment Advisors Inc. now owns 64,652 shares of the investment management company’s stock valued at $837,000 after acquiring an additional 42,437 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the third quarter worth approximately $276,000.

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.