FRA Price Forecast & CEF Analysis. Distribution · NAV · Discount · Expense Ratio · RSI · MACD | US Stocks Today
Nov 4 at 4:00 PM ET (Korea 11/5 06:00)
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블랙록 플로팅 레이트 인컴 스트래티지 펀드FRA | NYSE | Bond fund 💰 A closed-end fund (CEF) managed by BlackRock, this is an income-oriented product that primarily invests in floating-rate bonds, such as floating-rate senior loans, seeks high income through the use of leverage, and pays monthly distributions.
It runs 24% of assets on borrowed money.
Borrowing to buy more lifts gains and deepens losses. This is not the same as an ETF tracking 3x a day.
Against the value of what the fund holds it is 8.1% cheaper.
Its holdings are worth $11.06 per share, but it trades at $10.16. Over the past year it usually traded 3.9% below value, so it is cheaper now.
Over the past 1 year, on the lower side
19% below its 1-year high.
Traded about as much as usual. That is 98% of its average volume.
Ex-dividend date: November 13
8 days to go. Buy before this date to receive the dividend.
Holding long would have lost money
Bought 5 years ago, your return today would be -25.1%. The S&P 500 did +64% over the same period.
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Dividends are paid consistently
Pays 14.56% annually in dividends.
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Ownership looks stable
Institutions hold 37.0%.
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Multiple ETFs hold this stock, but only a sliver
Buying this ETF gives you exposure to this stock as well.
YYY Amplify CEF High Income ETF 0.02% 
PCEF Invesco CEF Income Composite ETF <0.01% 
OBND State Street Loomis Sayles Opportunistic Bond ETF <0.01% Special products that amplify (leveraged) or invert this single stock. They decay quickly and are not for long-term holding.
PAVE Global X U.S. Infrastructure Development ETF 14.2B 
AMLP Alerian MLP ETF 12.7B 
IGF iShares Global Infrastructure ETF 10.9B 
EMLP First Trust North American Energy Infrastructure Fund 4.2B 
IFRA iShares U.S. Infrastructure ETF 4.1B It ranks #767 of 1436 in the industry
Based on market cap of $362M.
BRBS#763 Blue Ridge Bankshares Inc (VA) $365M PER - 
CFFI#765 C & F Financial Corp $365M PER 12.0 FRA#767 Blackrock Floating Rate Income Strategies Fund Inc $362M PER - 
FAQ
What kind of CEF is FRA?
FRA is a closed-end fund (CEF).
What is the distribution yield of FRA?
FRA's distribution yield is approximately 14.56%, paid out on a regular basis.
What is the 52-week high and low for FRA?
FRA has recorded a 52-week high of $12.63 and a low of $9.65.
