Short Interest in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Declines By 37.8%

Posted by Stanley Muller on Jun 17th, 2026

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA – Get Free Report) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 76,048 shares, a drop of 37.8% from the May 14th total of 122,316 shares. Based on an average daily volume of 104,292 shares, the days-to-cover ratio is presently 0.7 days.

BlackRock Floating Rate Income Strategies Fund Stock Performance

Shares of NYSE:FRA remained flat at $10.86 on Wednesday. The stock had a trading volume of 26,856 shares, compared to its average volume of 172,874. BlackRock Floating Rate Income Strategies Fund has a fifty-two week low of $10.50 and a fifty-two week high of $13.41. The stock’s 50 day simple moving average is $11.06 and its 200 day simple moving average is $11.35.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.1238 per share. This represents a c) annualized dividend and a dividend yield of 13.7%. The ex-dividend date is Tuesday, September 15th.

Institutional Trading of BlackRock Floating Rate Income Strategies Fund

Several institutional investors and hedge funds have recently made changes to their positions in FRA. Greykasell Wealth Strategies Inc. purchased a new position in BlackRock Floating Rate Income Strategies Fund in the fourth quarter valued at about $39,000. Fifth Third Bancorp purchased a new position in BlackRock Floating Rate Income Strategies Fund in the first quarter valued at about $44,000. CoreCap Advisors LLC grew its stake in BlackRock Floating Rate Income Strategies Fund by 24.2% in the fourth quarter. CoreCap Advisors LLC now owns 7,710 shares of the investment management company’s stock valued at $91,000 after purchasing an additional 1,500 shares during the last quarter. HighTower Advisors LLC purchased a new position in BlackRock Floating Rate Income Strategies Fund in the fourth quarter valued at about $123,000. Finally, Alpine Global Management LLC purchased a new position in BlackRock Floating Rate Income Strategies Fund in the fourth quarter valued at about $131,000.

About BlackRock Floating Rate Income Strategies Fund

(Get Free Report)

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.