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 significant growth in short interest during the month of 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 trading volume, of 138,900 shares, the days-to-cover ratio is presently 3.9 days.

Hedge Funds Weigh In On BlackRock Floating Rate Income Strategies Fund

A number of institutional investors have recently bought and sold shares of FRA. Klingman & Associates LLC boosted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 2.9% in the second quarter. Klingman & Associates LLC now owns 26,786 shares of the investment management company’s stock worth $347,000 after buying an additional 753 shares during the last quarter. Kades & Cheifetz LLC grew its stake in shares of BlackRock Floating Rate Income Strategies Fund by 1.3% during the 3rd quarter. Kades & Cheifetz LLC now owns 73,781 shares of the investment management company’s stock worth $974,000 after purchasing an additional 929 shares during the period. Whitener Capital Management Inc. increased its holdings in shares of BlackRock Floating Rate Income Strategies Fund by 4.4% during the 3rd quarter. Whitener Capital Management Inc. now owns 29,186 shares of the investment management company’s stock valued at $385,000 after purchasing an additional 1,236 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of BlackRock Floating Rate Income Strategies Fund by 1.3% in the 2nd 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 during the period. Finally, Rockefeller Capital Management L.P. boosted its holdings in BlackRock Floating Rate Income Strategies Fund by 3.4% during the third quarter. Rockefeller Capital Management L.P. now owns 143,645 shares of the investment management company’s stock worth $1,896,000 after buying an additional 4,668 shares in the last quarter.

BlackRock Floating Rate Income Strategies Fund Stock Down 1.1 %

BlackRock Floating Rate Income Strategies Fund stock traded down $0.15 during trading hours on Monday, hitting $13.90. 195,444 shares of the stock traded hands, compared to its average volume of 151,406. BlackRock Floating Rate Income Strategies Fund has a 1 year low of $12.15 and a 1 year high of $14.50. The firm’s 50 day moving average price is $14.01 and its 200-day moving average price is $13.47.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 16th were issued 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%.

About BlackRock Floating Rate Income Strategies Fund

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.