Short Interest in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Increases By 9.3%

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 162,900 shares, an increase of 9.3% from the August 31st total of 149,000 shares. Based on an average daily volume of 167,500 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. 9258 Wealth Management LLC raised its stake in BlackRock Floating Rate Income Strategies Fund by 2.7% during the fourth quarter. 9258 Wealth Management LLC now owns 34,654 shares of the investment management company’s stock worth $439,000 after purchasing an additional 927 shares during the period. Jones Road Capital Management L.P. grew its position in BlackRock Floating Rate Income Strategies Fund by 59.8% in the fourth quarter. Jones Road Capital Management L.P. now owns 229,254 shares of the investment management company’s stock worth $2,902,000 after acquiring an additional 85,822 shares during the period. Advisors Asset Management Inc. grew its position in BlackRock Floating Rate Income Strategies Fund by 9.4% in the first quarter. Advisors Asset Management Inc. now owns 309,241 shares of the investment management company’s stock worth $3,995,000 after acquiring an additional 26,446 shares during the period. Future Financial Wealth Managment LLC increased its stake in BlackRock Floating Rate Income Strategies Fund by 16.6% during the first quarter. Future Financial Wealth Managment LLC now owns 24,327 shares of the investment management company’s stock worth $314,000 after acquiring an additional 3,471 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its position in BlackRock Floating Rate Income Strategies Fund by 15.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 17,279 shares of the investment management company’s stock valued at $218,000 after purchasing an additional 2,255 shares during the period.

BlackRock Floating Rate Income Strategies Fund Price Performance

Shares of NYSE:FRA traded up $0.04 during midday trading on Tuesday, hitting $13.24. The company had a trading volume of 150,306 shares, compared to its average volume of 154,547. BlackRock Floating Rate Income Strategies Fund has a twelve month low of $11.45 and a twelve month high of $13.69. The business’s 50-day simple moving average is $13.10 and its 200-day simple moving average is $13.09.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.1238 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.49 annualized dividend and a dividend yield of 11.22%.

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.