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

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 150,900 shares, a decline of 7.4% from the September 15th total of 162,900 shares. Based on an average trading volume of 164,500 shares, the short-interest ratio is currently 0.9 days.

BlackRock Floating Rate Income Strategies Fund Price Performance

Shares of BlackRock Floating Rate Income Strategies Fund stock traded up $0.06 on Thursday, reaching $13.59. The company had a trading volume of 77,610 shares, compared to its average volume of 153,683. The firm’s 50 day moving average price is $13.15 and its two-hundred day moving average price is $13.14. BlackRock Floating Rate Income Strategies Fund has a 52-week low of $11.45 and a 52-week high of $13.78.

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 paid a $0.1238 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 10.94%. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Investors Weigh In On BlackRock Floating Rate Income Strategies Fund

A number of institutional investors and hedge funds have recently made changes to their positions in FRA. Future Financial Wealth Managment LLC raised its stake in shares of BlackRock Floating Rate Income Strategies Fund by 16.6% in the 1st quarter. Future Financial Wealth Managment LLC now owns 24,327 shares of the investment management company’s stock valued at $314,000 after acquiring an additional 3,471 shares during the period. Congress Park Capital LLC grew its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 28.9% in the first quarter. Congress Park Capital LLC now owns 163,519 shares of the investment management company’s stock valued at $2,113,000 after purchasing an additional 36,706 shares in the last quarter. Cornerstone Wealth Group LLC acquired a new position in shares of BlackRock Floating Rate Income Strategies Fund in the first quarter valued at approximately $142,000. Commonwealth Equity Services LLC grew its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 7.4% in the first quarter. Commonwealth Equity Services LLC now owns 164,497 shares of the investment management company’s stock valued at $2,125,000 after purchasing an additional 11,280 shares in the last quarter. Finally, Marathon Strategic Advisors LLC grew its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 1.6% in the first quarter. Marathon Strategic Advisors LLC now owns 247,916 shares of the investment management company’s stock valued at $3,203,000 after purchasing an additional 3,793 shares in the last quarter.

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.