BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE:FRA – Get Rating) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 61,600 shares, a decline of 28.6% from the April 15th total of 86,300 shares. Based on an average daily volume of 167,200 shares, the short-interest ratio is currently 0.4 days.
NYSE FRA opened at $11.40 on Friday. The company has a fifty day moving average of $12.71 and a 200 day moving average of $13.24. BlackRock Floating Rate Income Strategies Fund has a 1 year low of $11.29 and a 1 year high of $14.46.
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th will be issued a $0.0667 dividend. The ex-dividend date is Friday, May 13th. This represents a $0.80 dividend on an annualized basis and a yield of 7.02%.
About BlackRock Floating Rate Income Strategies Fund (Get Rating)
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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