Short Interest in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Increases By 35.8%

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 381,300 shares, a growth of 35.8% from the November 15th total of 280,700 shares. Based on an average trading volume of 130,200 shares, the days-to-cover ratio is presently 2.9 days.

Institutional Trading of BlackRock Floating Rate Income Strategies Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Klingman & Associates LLC lifted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 2.9% in the 2nd quarter. Klingman & Associates LLC now owns 26,786 shares of the investment management company’s stock worth $347,000 after purchasing an additional 753 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 1.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 166,569 shares of the investment management company’s stock worth $2,155,000 after acquiring an additional 2,072 shares during the last quarter. Graypoint LLC grew its position in shares of BlackRock Floating Rate Income Strategies Fund by 2.9% during the 2nd quarter. Graypoint LLC now owns 177,588 shares of the investment management company’s stock valued at $2,298,000 after acquiring an additional 4,978 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC increased its stake in shares of BlackRock Floating Rate Income Strategies Fund by 9.0% in the 2nd quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 71,358 shares of the investment management company’s stock worth $923,000 after purchasing an additional 5,900 shares in the last quarter. Finally, Edgemoor Investment Advisors Inc. raised its holdings in BlackRock Floating Rate Income Strategies Fund by 191.0% in the 2nd quarter. Edgemoor Investment Advisors Inc. now owns 64,652 shares of the investment management company’s stock worth $837,000 after purchasing an additional 42,437 shares during the period.

BlackRock Floating Rate Income Strategies Fund Stock Down 0.3 %

Shares of FRA stock traded down $0.05 during midday trading on Friday, reaching $14.28. 238,028 shares of the stock were exchanged, compared to its average volume of 150,955. The company’s 50 day moving average is $13.91 and its two-hundred day moving average is $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. Investors of record on Monday, December 16th will be paid a $0.1238 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 10.41%. The ex-dividend date is Monday, December 16th.

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.