BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Short Interest Up 41.9% in December

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 541,000 shares, a growth of 41.9% from the November 30th total of 381,300 shares. Based on an average daily volume of 138,900 shares, the short-interest ratio is presently 3.9 days.

BlackRock Floating Rate Income Strategies Fund Stock Down 1.1 %

Shares of FRA stock traded down $0.15 during midday trading on Monday, reaching $13.90. 195,444 shares of the stock were exchanged, compared to its average volume of 151,436. BlackRock Floating Rate Income Strategies Fund has a 1 year low of $12.15 and a 1 year high of $14.50. The company’s 50 day moving average is $14.01 and its two-hundred day moving average is $13.47.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 16th were paid a $0.1238 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.49 annualized dividend and a yield of 10.69%.

Hedge Funds Weigh In On BlackRock Floating Rate Income Strategies Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Klingman & Associates LLC increased its stake in shares of BlackRock Floating Rate Income Strategies Fund by 2.9% in the 2nd quarter. Klingman & Associates LLC now owns 26,786 shares of the investment management company’s stock worth $347,000 after acquiring an additional 753 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of BlackRock Floating Rate Income Strategies Fund by 1.3% during the second quarter. Commonwealth Equity Services LLC now owns 166,569 shares of the investment management company’s stock valued at $2,155,000 after purchasing an additional 2,072 shares in the last quarter. Graypoint LLC lifted its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 2.9% during the second quarter. Graypoint LLC now owns 177,588 shares of the investment management company’s stock valued at $2,298,000 after purchasing an additional 4,978 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC boosted its position in shares of BlackRock Floating Rate Income Strategies Fund by 9.0% in the 2nd quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 71,358 shares of the investment management company’s stock worth $923,000 after purchasing an additional 5,900 shares in the last quarter. Finally, Edgemoor Investment Advisors Inc. grew its stake in shares of BlackRock Floating Rate Income Strategies Fund by 191.0% in the 2nd quarter. Edgemoor Investment Advisors Inc. now owns 64,652 shares of the investment management company’s stock worth $837,000 after buying an additional 42,437 shares during the last quarter.

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.