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

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) saw 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 daily volume of 130,200 shares, the short-interest ratio is currently 2.9 days.

BlackRock Floating Rate Income Strategies Fund Stock Down 0.3 %

Shares of NYSE FRA traded down $0.05 during trading on Friday, hitting $14.28. 238,028 shares of the company traded hands, compared to its average volume of 150,955. The company has a 50-day moving average price of $13.91 and a 200-day moving average price of $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 company also recently declared a monthly dividend, which will be paid on Monday, December 23rd. Shareholders 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 yield of 10.41%. The ex-dividend date of this dividend is Monday, December 16th.

Institutional Investors Weigh In On BlackRock Floating Rate Income Strategies Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cornerstone Advisors LLC purchased a new stake in shares of BlackRock Floating Rate Income Strategies Fund during the 3rd quarter worth about $140,000. Eastern Bank acquired a new position in BlackRock Floating Rate Income Strategies Fund during the third quarter valued at approximately $145,000. Objective Capital Management LLC purchased a new stake in BlackRock Floating Rate Income Strategies Fund during the third quarter worth approximately $206,000. EP Wealth Advisors LLC acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the third quarter worth $276,000. Finally, Klingman & Associates LLC increased its position in shares of BlackRock Floating Rate Income Strategies Fund by 2.9% in the second quarter. Klingman & Associates LLC now owns 26,786 shares of the investment management company’s stock worth $347,000 after acquiring an additional 753 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.