BlackRock Floating Rate Income SFI (NYSE:FRA) Short Interest Up 56.8% in August

BlackRock Floating Rate Income SFI (NYSE:FRA) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 40,600 shares, an increase of 56.8% from the August 15th total of 25,900 shares. Based on an average daily volume of 103,900 shares, the short-interest ratio is currently 0.4 days.

A number of institutional investors and hedge funds have recently modified their holdings of FRA. Guggenheim Capital LLC grew its stake in shares of BlackRock Floating Rate Income SFI by 5.4% in the 1st quarter. Guggenheim Capital LLC now owns 412,438 shares of the investment management company’s stock valued at $4,129,000 after purchasing an additional 20,954 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of BlackRock Floating Rate Income SFI by 9.1% in the 1st quarter. Parametric Portfolio Associates LLC now owns 151,968 shares of the investment management company’s stock valued at $1,521,000 after purchasing an additional 12,662 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of BlackRock Floating Rate Income SFI by 50.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 125,122 shares of the investment management company’s stock valued at $1,399,000 after purchasing an additional 42,112 shares during the period. 6 Meridian bought a new stake in shares of BlackRock Floating Rate Income SFI in the 2nd quarter valued at $758,000. Finally, Morgan Stanley increased its position in shares of BlackRock Floating Rate Income SFI by 11.0% in the 1st quarter. Morgan Stanley now owns 723,114 shares of the investment management company’s stock valued at $7,238,000 after buying an additional 71,622 shares in the last quarter.

FRA opened at $11.85 on Wednesday. BlackRock Floating Rate Income SFI has a 1 year low of $6.72 and a 1 year high of $13.66. The stock has a fifty day moving average price of $11.63 and a 200 day moving average price of $11.10.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.079 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $0.95 annualized dividend and a dividend yield of 8.00%.

BlackRock Floating Rate Income SFI 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.

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