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

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 203,900 shares, a decline of 69.1% from the January 15th total of 660,300 shares. Based on an average trading volume of 200,000 shares, the short-interest ratio is presently 1.0 days.

BlackRock Floating Rate Income Strategies Fund Stock Up 0.5 %

Shares of FRA traded up $0.07 during midday trading on Wednesday, hitting $13.21. 126,155 shares of the company traded hands, compared to its average volume of 258,415. The firm has a 50 day moving average of $13.55 and a 200-day moving average of $13.48. BlackRock Floating Rate Income Strategies Fund has a 52 week low of $12.16 and a 52 week 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 Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.1238 per share. This represents a $1.49 annualized dividend and a yield of 11.25%. The ex-dividend date is Friday, February 14th.

Institutional Trading of BlackRock Floating Rate Income Strategies Fund

Several hedge funds have recently modified their holdings of the company. Anfield Capital Management LLC purchased a new position in shares of BlackRock Floating Rate Income Strategies Fund in the fourth quarter valued at $55,000. PNC Financial Services Group Inc. lifted its position in BlackRock Floating Rate Income Strategies Fund by 47.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,454 shares of the investment management company’s stock valued at $75,000 after purchasing an additional 1,744 shares during the last quarter. Cornerstone Advisors LLC purchased a new position in shares of BlackRock Floating Rate Income Strategies Fund in the 3rd quarter worth $140,000. Eastern Bank bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 3rd quarter worth about $145,000. Finally, Wealth Effects LLC bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund in the 4th quarter worth about $166,000.

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.