Short Interest in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Grows By 21.8%

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 220,500 shares, a growth of 21.8% from the October 15th total of 181,100 shares. Based on an average daily volume of 125,100 shares, the short-interest ratio is presently 1.8 days.

BlackRock Floating Rate Income Strategies Fund Stock Performance

FRA traded up $0.05 during midday trading on Friday, reaching $13.92. The company’s stock had a trading volume of 116,170 shares, compared to its average volume of 151,285. The company has a fifty day simple moving average of $13.55 and a 200 day simple moving average of $13.28. BlackRock Floating Rate Income Strategies Fund has a twelve month low of $11.82 and a twelve month high of $14.22.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.1238 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.49 annualized dividend and a dividend yield of 10.68%.

Hedge Funds Weigh In On BlackRock Floating Rate Income Strategies Fund

Several large investors have recently bought and sold shares of the stock. Penserra Capital Management LLC acquired a new stake in BlackRock Floating Rate Income Strategies Fund in the 3rd quarter worth $13,195,000. Advisors Asset Management Inc. grew its position in 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 worth $4,791,000 after buying an additional 59,840 shares in the last quarter. Congress Park Capital LLC increased its stake in BlackRock Floating Rate Income Strategies Fund by 33.3% during the second quarter. Congress Park Capital LLC now owns 217,985 shares of the investment management company’s stock valued at $2,821,000 after acquiring an additional 54,466 shares during the period. Graypoint LLC raised its holdings in BlackRock Floating Rate Income Strategies Fund by 2.8% in the 3rd quarter. Graypoint LLC now owns 182,625 shares of the investment management company’s stock valued at $2,411,000 after acquiring an additional 5,037 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in BlackRock Floating Rate Income Strategies Fund by 1.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 166,569 shares of the investment management company’s stock valued at $2,155,000 after acquiring an additional 2,072 shares in the last quarter.

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.