BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Short Interest Down 35.1% in December

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 366,786 shares, a drop of 35.1% from the November 30th total of 565,455 shares. Based on an average trading volume of 295,115 shares, the days-to-cover ratio is currently 1.2 days. Based on an average trading volume of 295,115 shares, the days-to-cover ratio is currently 1.2 days.

BlackRock Floating Rate Income Strategies Fund Trading Up 0.0%

Shares of FRA stock traded up $0.01 on Tuesday, hitting $11.73. 589,901 shares of the stock traded hands, compared to its average volume of 155,095. BlackRock Floating Rate Income Strategies Fund has a twelve month low of $10.90 and a twelve month high of $13.93. The firm’s 50-day moving average price is $12.01 and its two-hundred day moving average price is $12.72.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be issued a $0.1238 dividend. This represents a c) annualized dividend and a yield of 12.7%. The ex-dividend date is Monday, December 22nd.

Institutional Trading of BlackRock Floating Rate Income Strategies Fund

Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in BlackRock Floating Rate Income Strategies Fund by 79.9% in the first 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. Wealth Enhancement Advisory Services LLC purchased a new stake in BlackRock Floating Rate Income Strategies Fund in the second quarter valued at $250,000. Whitener Capital Management Inc. lifted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 2.7% in the 2nd quarter. Whitener Capital Management Inc. now owns 37,949 shares of the investment management company’s stock valued at $499,000 after purchasing an additional 1,000 shares during the last quarter. Future Financial Wealth Managment LLC lifted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 4.3% in the 2nd quarter. Future Financial Wealth Managment LLC now owns 34,357 shares of the investment management company’s stock valued at $451,000 after purchasing an additional 1,403 shares during the last quarter. Finally, Marathon Strategic Advisors LLC grew its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 9.0% during the 2nd quarter. Marathon Strategic Advisors LLC now owns 280,236 shares of the investment management company’s stock worth $3,682,000 after purchasing an additional 23,183 shares during the period.

About BlackRock Floating Rate Income Strategies Fund

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.