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

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) was the recipient of a significant increase in short interest during 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 volume of 192,500 shares, the days-to-cover ratio is presently 1.2 days.

BlackRock Floating Rate Income Strategies Fund Stock Performance

Shares of FRA stock traded down $0.06 during mid-day trading on Tuesday, hitting $12.87. 127,149 shares of the stock were exchanged, compared to its average volume of 157,343. BlackRock Floating Rate Income Strategies Fund has a 12-month low of $12.16 and a 12-month high of $14.50. The stock’s fifty day simple moving average is $12.97 and its two-hundred day simple moving average is $13.45.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.1238 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 11.55%. The ex-dividend date of this dividend was Friday, March 14th.

Institutional Investors Weigh In On BlackRock Floating Rate Income Strategies Fund

A number of institutional investors have recently added to or reduced their stakes in FRA. Waverly Advisors LLC acquired a new position in BlackRock Floating Rate Income Strategies Fund during the fourth quarter worth $449,000. CoreCap Advisors LLC boosted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 29.5% during the fourth quarter. CoreCap Advisors LLC now owns 10,710 shares of the investment management company’s stock valued at $147,000 after acquiring an additional 2,437 shares during the last quarter. Cetera Investment Advisers raised its stake in BlackRock Floating Rate Income Strategies Fund by 67.2% in the 4th quarter. Cetera Investment Advisers now owns 23,670 shares of the investment management company’s stock valued at $325,000 after purchasing an additional 9,512 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 9.8% during the 4th quarter. Bank of America Corp DE now owns 649,929 shares of the investment management company’s stock worth $8,937,000 after purchasing an additional 58,089 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 13.4% during the fourth quarter. Ameriprise Financial Inc. now owns 196,385 shares of the investment management company’s stock valued at $2,700,000 after buying an additional 23,156 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.