BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Short Interest Down 42.3% in June

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 88,040 shares, a decrease of 42.3% from the June 15th total of 152,564 shares. Based on an average daily volume of 142,303 shares, the days-to-cover ratio is presently 0.6 days.

BlackRock Floating Rate Income Strategies Fund Stock Down 0.1%

Shares of FRA stock traded down $0.01 during trading hours on Thursday, reaching $10.79. The company had a trading volume of 65,558 shares, compared to its average volume of 170,281. BlackRock Floating Rate Income Strategies Fund has a 12 month low of $10.50 and a 12 month high of $13.41. The business has a fifty day simple moving average of $10.97 and a 200-day simple moving average of $11.23.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.1238 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 13.8%.

Institutional Trading of BlackRock Floating Rate Income Strategies Fund

Several institutional investors have recently made changes to their positions in the company. Greykasell Wealth Strategies Inc. purchased a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the fourth quarter valued at about $39,000. Fifth Third Bancorp bought a new stake in BlackRock Floating Rate Income Strategies Fund in the 1st quarter worth about $44,000. CoreCap Advisors LLC increased its stake in BlackRock Floating Rate Income Strategies Fund by 24.2% in the 4th quarter. CoreCap Advisors LLC now owns 7,710 shares of the investment management company’s stock valued at $91,000 after buying an additional 1,500 shares during the last quarter. HighTower Advisors LLC purchased a new stake in BlackRock Floating Rate Income Strategies Fund in the 4th quarter valued at about $123,000. Finally, Alpine Global Management LLC bought a new position in shares of BlackRock Floating Rate Income Strategies Fund during the 4th quarter worth approximately $131,000.

BlackRock Floating Rate Income Strategies Fund Company Profile

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.