BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Short Interest Up 32.6% in March

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 234,400 shares, a growth 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.

Institutional Investors Weigh In On BlackRock Floating Rate Income Strategies Fund

A number of institutional investors have recently made changes to their positions in the business. Anfield Capital Management LLC bought a new stake in BlackRock Floating Rate Income Strategies Fund in the fourth quarter valued at $55,000. PNC Financial Services Group Inc. increased its stake in BlackRock Floating Rate Income Strategies Fund by 47.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,454 shares of the investment management company’s stock worth $75,000 after buying an additional 1,744 shares in the last quarter. Comerica Bank grew its stake in BlackRock Floating Rate Income Strategies Fund by 140.0% during the fourth quarter. Comerica Bank now owns 6,853 shares of the investment management company’s stock valued at $94,000 after acquiring an additional 3,998 shares in the last quarter. Jane Street Group LLC bought a new stake in BlackRock Floating Rate Income Strategies Fund in the fourth quarter worth $144,000. Finally, CoreCap Advisors LLC raised its stake in shares of BlackRock Floating Rate Income Strategies Fund by 29.5% in 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 period.

BlackRock Floating Rate Income Strategies Fund Stock Up 0.3 %

Shares of FRA traded up $0.03 during trading hours on Monday, reaching $12.91. 166,977 shares of the stock traded hands, compared to its average volume of 157,349. The stock has a fifty day simple moving average of $12.97 and a 200 day simple moving average of $13.46. BlackRock Floating Rate Income Strategies Fund has a 52 week low of $12.16 and a 52 week high of $14.50.

BlackRock Floating Rate Income Strategies Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.1238 per share. This represents a $1.49 annualized dividend and a yield of 11.51%. The ex-dividend date of this dividend is Friday, March 14th.

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.