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) saw a significant growth in short interest in 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 trading volume of 125,100 shares, the short-interest ratio is presently 1.8 days.

BlackRock Floating Rate Income Strategies Fund Stock Performance

Shares of FRA traded up $0.05 during mid-day trading on Friday, hitting $13.92. 116,170 shares of the company’s stock were exchanged, compared to its average volume of 151,285. BlackRock Floating Rate Income Strategies Fund has a twelve month low of $11.82 and a twelve month high of $14.22. The firm has a fifty day moving average of $13.55 and a two-hundred day moving average of $13.28.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

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

Institutional Trading of BlackRock Floating Rate Income Strategies Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. EP Wealth Advisors LLC bought a new position in shares of BlackRock Floating Rate Income Strategies Fund in the 3rd quarter valued at approximately $276,000. Rockefeller Capital Management L.P. boosted its position in BlackRock Floating Rate Income Strategies Fund by 3.4% during the third quarter. Rockefeller Capital Management L.P. now owns 143,645 shares of the investment management company’s stock worth $1,896,000 after purchasing an additional 4,668 shares during the period. Horizon Kinetics Asset Management LLC grew its holdings in BlackRock Floating Rate Income Strategies Fund by 24.6% during the third quarter. Horizon Kinetics Asset Management LLC now owns 73,870 shares of the investment management company’s stock valued at $975,000 after purchasing an additional 14,579 shares during the last quarter. Penserra Capital Management LLC bought a new position in shares of BlackRock Floating Rate Income Strategies Fund in the third quarter valued at approximately $13,195,000. Finally, Cornerstone Advisors LLC acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the third quarter worth $140,000.

About BlackRock Floating Rate Income Strategies Fund

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.