BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Short Interest Update

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 728,100 shares, an increase of 98.0% from the December 15th total of 367,700 shares. Based on an average daily volume of 125,200 shares, the short-interest ratio is presently 5.8 days.

Shares of DSU stock traded down $0.16 during trading on Monday, reaching $11.51. 6,100 shares of the company’s stock were exchanged, compared to its average volume of 171,740. BlackRock Debt Strategies Fund has a twelve month low of $10.52 and a twelve month high of $12.50. The business has a fifty day moving average price of $11.72.

The firm also recently announced a monthly dividend, which was paid on Tuesday, January 11th. Investors of record on Friday, December 31st were issued a dividend of $0.0605 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 6.31%. The ex-dividend date was Thursday, December 30th.

Several hedge funds have recently bought and sold shares of the stock. Stifel Financial Corp increased its position in BlackRock Debt Strategies Fund by 97.6% during the 2nd quarter. Stifel Financial Corp now owns 109,201 shares of the financial services provider’s stock worth $1,250,000 after buying an additional 53,931 shares during the period. Integrated Capital Management Inc. increased its position in BlackRock Debt Strategies Fund by 10.5% during the 2nd quarter. Integrated Capital Management Inc. now owns 14,108 shares of the financial services provider’s stock worth $161,000 after buying an additional 1,344 shares during the period. FNY Investment Advisers LLC bought a new position in BlackRock Debt Strategies Fund during the 3rd quarter worth $57,000. Bank of America Corp DE increased its position in shares of BlackRock Debt Strategies Fund by 8.3% in the second quarter. Bank of America Corp DE now owns 372,326 shares of the financial services provider’s stock worth $4,263,000 after purchasing an additional 28,512 shares during the period. Finally, Bramshill Investments LLC increased its position in shares of BlackRock Debt Strategies Fund by 6.5% in the second quarter. Bramshill Investments LLC now owns 1,291,867 shares of the financial services provider’s stock worth $14,791,000 after purchasing an additional 78,678 shares during the period. 23.17% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Debt Strategies Fund Company Profile

BlackRock Debt Strategies Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets of the United States. The fund primarily invests in a diversified portfolio of companies' debt instruments, including corporate loans, which are rated in the lower rating categories of the established rating services (BBB or lower by S&P's or Baa or lower by Moody's) or unrated debt instruments, which are in the judgment of the investment adviser of equivalent quality.

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