BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Sees Significant Growth in Short Interest

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 234,400 shares, an increase of 32.6% from the February 28th total of 176,800 shares. Based on an average daily trading volume, of 192,500 shares, the short-interest ratio is presently 1.2 days.

BlackRock Floating Rate Income Strategies Fund Stock Up 0.3 %

BlackRock Floating Rate Income Strategies Fund stock traded up $0.03 during trading hours on Monday, hitting $12.91. The company had a trading volume of 166,977 shares, compared to its average volume of 157,349. BlackRock Floating Rate Income Strategies Fund has a fifty-two week low of $12.16 and a fifty-two week high of $14.50. The firm’s fifty day moving average is $12.97 and its 200-day moving average is $13.46.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.1238 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 11.51%. The ex-dividend date is Friday, March 14th.

Institutional Trading of BlackRock Floating Rate Income Strategies Fund

Large investors have recently added to or reduced their stakes in the business. Guggenheim Capital LLC boosted its position in BlackRock Floating Rate Income Strategies Fund by 37.8% during the fourth quarter. Guggenheim Capital LLC now owns 1,101,323 shares of the investment management company’s stock worth $15,143,000 after purchasing an additional 302,183 shares during the period. TT Capital Management LLC bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund during the fourth quarter worth $2,493,000. Raymond James Financial Inc. bought a new stake in shares of BlackRock Floating Rate Income Strategies Fund during the 4th quarter valued at $1,957,000. Mercer Global Advisors Inc. ADV boosted its stake in BlackRock Floating Rate Income Strategies Fund by 574.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 80,422 shares of the investment management company’s stock worth $1,106,000 after acquiring an additional 68,497 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in BlackRock Floating Rate Income Strategies Fund by 9.8% in the fourth quarter. Bank of America Corp DE now owns 649,929 shares of the investment management company’s stock valued at $8,937,000 after acquiring an additional 58,089 shares during the period.

BlackRock Floating Rate Income Strategies Fund Company Profile

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.