Short Interest in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Drops By 24.1%

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 278,395 shares, a decline of 24.1% from the December 15th total of 366,786 shares. Based on an average trading volume of 331,429 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 331,429 shares, the short-interest ratio is currently 0.8 days.

BlackRock Floating Rate Income Strategies Fund Stock Up 0.1%

Shares of BlackRock Floating Rate Income Strategies Fund stock traded up $0.02 during trading hours on Monday, hitting $12.10. The company’s stock had a trading volume of 1,250,036 shares, compared to its average volume of 366,112. The stock has a 50 day moving average of $11.87 and a 200 day moving average of $12.62. BlackRock Floating Rate Income Strategies Fund has a 12 month low of $10.90 and a 12 month high of $13.41.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders 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 12.3%. The ex-dividend date is Friday, March 13th.

Institutional Trading of BlackRock Floating Rate Income Strategies Fund

A number of institutional investors have recently modified their holdings of the company. Cetera Investment Advisers boosted its position in BlackRock Floating Rate Income Strategies Fund by 146.1% during the 2nd quarter. Cetera Investment Advisers now owns 106,965 shares of the investment management company’s stock worth $1,406,000 after acquiring an additional 63,507 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the second quarter worth $250,000. Allworth Financial LP acquired a new position in BlackRock Floating Rate Income Strategies Fund during the second quarter worth $250,000. Guggenheim Capital LLC grew its position in BlackRock Floating Rate Income Strategies Fund by 13.2% in the second quarter. Guggenheim Capital LLC now owns 1,444,837 shares of the investment management company’s stock valued at $18,985,000 after purchasing an additional 168,986 shares in the last quarter. Finally, Future Financial Wealth Managment LLC increased its stake in BlackRock Floating Rate Income Strategies Fund by 4.3% in the 2nd quarter. Future Financial Wealth Managment LLC now owns 34,357 shares of the investment management company’s stock valued at $451,000 after buying an additional 1,403 shares during the last quarter.

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.