BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Short Interest Update

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA – Get Free Report) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 88,040 shares, a decline of 42.3% from the June 15th total of 152,564 shares. Based on an average trading volume of 142,303 shares, the short-interest ratio is currently 0.6 days.

BlackRock Floating Rate Income Strategies Fund Trading Down 0.8%

Shares of NYSE FRA traded down $0.09 during mid-day trading on Friday, reaching $10.70. The company had a trading volume of 235,079 shares, compared to its average volume of 170,783. BlackRock Floating Rate Income Strategies Fund has a twelve month low of $10.50 and a twelve month high of $13.41. The stock’s 50 day moving average is $10.96 and its 200-day moving average is $11.22.

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BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.1238 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 13.9%.

Institutional Investors Weigh In On BlackRock Floating Rate Income Strategies Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Readystate Asset Management LP bought a new stake in BlackRock Floating Rate Income Strategies Fund in the fourth quarter worth approximately $5,774,000. Balyasny Asset Management L.P. bought a new position in shares of BlackRock Floating Rate Income Strategies Fund during the 4th quarter valued at $2,772,000. GraniteShares Advisors LLC bought a new position in shares of BlackRock Floating Rate Income Strategies Fund during the 4th quarter valued at $2,707,000. Cerity Partners LLC bought a new position in shares of BlackRock Floating Rate Income Strategies Fund during the 4th quarter valued at $2,533,000. Finally, Lalia Capital LLC acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 4th quarter valued at $2,093,000.

BlackRock Floating Rate Income Strategies Fund Company Profile

(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.

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