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Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions
Business Wire (Thu, 28-Mar 4:30 PM ET)
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
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Business Wire (Thu, 11-Jan 4:30 PM ET)
Floating Rate Income Strategies Fund, Inc. seeks a high current income and such preservation of capital as is consistent with investment in a diversified, leveraged portfolio consisting primarily of floating rate debt securities and instruments.
Blackrock Floating Rate Income Strategies trades on the NYSE stock market under the symbol FRA.
As of March 28, 2024, FRA stock price declined to $12.92 with 291,152 million shares trading.
FRA has a beta of 0.52, meaning it tends to be less sensitive to market movements. FRA has a correlation of 0.27 to the broad based SPY ETF.
FRA has a market cap of $455.20 million. This is considered a Small Cap stock.
In the last 3 years, FRA stock traded as high as $14.46 and as low as $10.92.
FRA has underperformed the market in the last year with a price return of +26.2% while the SPY ETF gained +33.6%. FRA has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +6.2% and +0.9%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
FRA support price is $12.91 and resistance is $13.07 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FRA stock will trade within this expected range on the day.