BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) Short Interest Up 9.3% in September

BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 162,900 shares, a growth of 9.3% from the August 31st total of 149,000 shares. Based on an average trading volume of 167,500 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On BlackRock Floating Rate Income Strategies Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of FRA. Jones Road Capital Management L.P. lifted its position in shares of BlackRock Floating Rate Income Strategies Fund by 59.8% during the fourth quarter. Jones Road Capital Management L.P. now owns 229,254 shares of the investment management company’s stock worth $2,902,000 after purchasing an additional 85,822 shares in the last quarter. Congress Park Capital LLC boosted its position in BlackRock Floating Rate Income Strategies Fund by 33.3% in the 2nd quarter. Congress Park Capital LLC now owns 217,985 shares of the investment management company’s stock valued at $2,821,000 after buying an additional 54,466 shares during the period. Edgemoor Investment Advisors Inc. boosted its position in 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 valued at $837,000 after buying an additional 42,437 shares during the period. Advisors Asset Management Inc. grew its stake in shares of BlackRock Floating Rate Income Strategies Fund by 9.4% in the first quarter. Advisors Asset Management Inc. now owns 309,241 shares of the investment management company’s stock worth $3,995,000 after acquiring an additional 26,446 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of BlackRock Floating Rate Income Strategies Fund during the first quarter worth $173,000.

BlackRock Floating Rate Income Strategies Fund Stock Up 0.3 %

NYSE FRA traded up $0.04 on Tuesday, reaching $13.24. The stock had a trading volume of 150,306 shares, compared to its average volume of 154,547. The stock has a fifty day moving average price of $13.10 and a two-hundred day moving average price of $13.09. BlackRock Floating Rate Income Strategies Fund has a 12-month low of $11.45 and a 12-month high of $13.69.

BlackRock Floating Rate Income Strategies Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.1238 per share. This represents a $1.49 annualized dividend and a yield of 11.22%. The ex-dividend date is Tuesday, October 15th.

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.