Short Interest in BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Decreases By 40.3%

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

Institutional Trading of BlackRock Floating Rate Income Strategies Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada grew its stake in shares of 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 buying an additional 73,518 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in BlackRock Floating Rate Income Strategies Fund in the 2nd quarter valued at about $250,000. Future Financial Wealth Managment LLC grew its position in 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 acquiring an additional 1,403 shares in the last quarter. Marathon Strategic Advisors LLC increased its stake in BlackRock Floating Rate Income Strategies Fund by 9.0% during the second 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. Finally, International Assets Investment Management LLC acquired a new stake in shares of BlackRock Floating Rate Income Strategies Fund during the second quarter worth about $133,000.

BlackRock Floating Rate Income Strategies Fund Trading Down 0.3%

FRA stock traded down $0.04 during midday trading on Friday, reaching $11.76. The stock had a trading volume of 190,405 shares, compared to its average volume of 272,380. BlackRock Floating Rate Income Strategies Fund has a 52-week low of $10.90 and a 52-week high of $13.41. The company’s fifty day simple moving average is $11.84 and its 200 day simple moving average is $12.54.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued 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.

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.