BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA – Get Free Report) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 150,900 shares, a decline of 7.4% from the September 15th total of 162,900 shares. Based on an average trading volume of 164,500 shares, the short-interest ratio is currently 0.9 days.
BlackRock Floating Rate Income Strategies Fund Price Performance
Shares of BlackRock Floating Rate Income Strategies Fund stock traded up $0.06 on Thursday, reaching $13.59. The company had a trading volume of 77,610 shares, compared to its average volume of 153,683. The firm’s 50 day moving average price is $13.15 and its two-hundred day moving average price is $13.14. BlackRock Floating Rate Income Strategies Fund has a 52-week low of $11.45 and a 52-week high of $13.78.
BlackRock Floating Rate Income Strategies Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be paid a $0.1238 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 10.94%. The ex-dividend date of this dividend is Tuesday, October 15th.
Institutional Investors Weigh In On BlackRock Floating Rate Income Strategies Fund
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.
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