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 growth in short interest during the month of May. As of May 15th, there was short interest totaling 122,316 shares, a growth of 105.8% from the April 30th total of 59,448 shares. Based on an average trading volume of 108,580 shares, the short-interest ratio is presently 1.1 days.

Institutional Investors Weigh In On BlackRock Floating Rate Income Strategies Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Arkadios Wealth Advisors bought a new stake in BlackRock Floating Rate Income Strategies Fund during the 1st quarter worth $647,000. Klingman & Associates LLC grew its position in shares of BlackRock Floating Rate Income Strategies Fund by 3.3% in the 1st quarter. Klingman & Associates LLC now owns 48,010 shares of the investment management company’s stock valued at $529,000 after buying an additional 1,554 shares during the last quarter. Cetera Investment Advisers grew its position in shares of BlackRock Floating Rate Income Strategies Fund by 3.1% in the 1st quarter. Cetera Investment Advisers now owns 149,418 shares of the investment management company’s stock valued at $1,647,000 after buying an additional 4,555 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of BlackRock Floating Rate Income Strategies Fund by 38.3% in the 1st quarter. Sanctuary Advisors LLC now owns 68,301 shares of the investment management company’s stock valued at $753,000 after buying an additional 18,901 shares during the last quarter. Finally, Chicago Partners Investment Group LLC grew its position in shares of BlackRock Floating Rate Income Strategies Fund by 75.5% in the 1st quarter. Chicago Partners Investment Group LLC now owns 73,057 shares of the investment management company’s stock valued at $814,000 after buying an additional 31,423 shares during the last quarter.

BlackRock Floating Rate Income Strategies Fund Stock Performance

Shares of FRA stock opened at $11.09 on Wednesday. BlackRock Floating Rate Income Strategies Fund has a twelve month low of $10.50 and a twelve month high of $13.41. The stock’s fifty day simple moving average is $11.03 and its 200 day simple moving average is $11.43.

BlackRock Floating Rate Income Strategies Fund Company Profile

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.