BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Short Interest Down 42.3% in June

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 88,040 shares, a decrease of 42.3% from the June 15th total of 152,564 shares. Based on an average daily trading volume, of 142,303 shares, the short-interest ratio is presently 0.6 days.

BlackRock Floating Rate Income Strategies Fund Trading Down 0.8%

BlackRock Floating Rate Income Strategies Fund stock traded down $0.09 during midday trading on Friday, reaching $10.70. The company’s stock had a trading volume of 235,079 shares, compared to its average volume of 170,783. The stock’s 50-day simple moving average is $10.97 and its 200-day simple moving average is $11.22. BlackRock Floating Rate Income Strategies Fund has a 52-week low of $10.50 and a 52-week high of $13.41.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.1238 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 13.9%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CoreCap Advisors LLC grew its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 154.9% during the second quarter. CoreCap Advisors LLC now owns 19,145 shares of the investment management company’s stock valued at $210,000 after buying an additional 11,635 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in shares of BlackRock Floating Rate Income Strategies Fund in the 1st quarter valued at $647,000. Klingman & Associates LLC raised its stake in 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 worth $529,000 after acquiring an additional 1,554 shares during the last quarter. Cetera Investment Advisers raised its stake in 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 worth $1,647,000 after acquiring an additional 4,555 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its position in BlackRock Floating Rate Income Strategies Fund by 38.3% during the 1st quarter. Sanctuary Advisors LLC now owns 68,301 shares of the investment management company’s stock worth $753,000 after acquiring an additional 18,901 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.