BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Sees Significant Drop in Short Interest

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 166,165 shares, a decrease of 40.3% from the December 31st total of 278,395 shares. Based on an average trading volume of 277,781 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 277,781 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. GraniteShares Advisors LLC acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 4th quarter valued at approximately $2,707,000. Guggenheim Capital LLC boosted its position in BlackRock Floating Rate Income Strategies Fund by 13.2% in the second quarter. Guggenheim Capital LLC now owns 1,444,837 shares of the investment management company’s stock valued at $18,985,000 after buying an additional 168,986 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of BlackRock Floating Rate Income Strategies Fund by 42.4% during the third quarter. Raymond James Financial Inc. now owns 323,357 shares of the investment management company’s stock worth $4,197,000 after buying an additional 96,273 shares during the last quarter. Byrne Asset Management LLC increased its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 21,066.7% during the fourth quarter. Byrne Asset Management LLC now owns 95,250 shares of the investment management company’s stock worth $1,122,000 after buying an additional 94,800 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 79.9% in the 1st quarter. Royal Bank of Canada now owns 165,544 shares of the investment management company’s stock valued at $2,139,000 after acquiring an additional 73,518 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Stock Down 0.3%

FRA traded down $0.04 during trading on Friday, hitting $11.77. 87,460 shares of the stock traded hands, compared to its average volume of 266,043. The business has a 50 day moving average price of $11.84 and a 200 day moving average price of $12.55. BlackRock Floating Rate Income Strategies Fund has a twelve month low of $10.90 and a twelve month high of $13.41.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $0.1238 per share. This represents a c) annualized dividend and a dividend yield of 12.6%. The ex-dividend date is Friday, March 13th.

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.