BlackRock Debt Strategies Fund (NYSE:DSU) Shares Pass Below 50 Day Moving Average – Here’s Why

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $10.24 and traded as low as $10.15. BlackRock Debt Strategies Fund shares last traded at $10.1550, with a volume of 231,221 shares trading hands.

BlackRock Debt Strategies Fund Stock Down 0.0%

The business’s fifty day moving average is $10.24 and its 200-day moving average is $10.39.

BlackRock Debt Strategies Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.0987 per share. This represents a c) annualized dividend and a dividend yield of 11.7%. The ex-dividend date is Friday, March 13th.

Institutional Investors Weigh In On BlackRock Debt Strategies Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. CoreCap Advisors LLC purchased a new position in BlackRock Debt Strategies Fund during the fourth quarter valued at $29,000. IFP Advisors Inc increased its position in BlackRock Debt Strategies Fund by 352.7% in the third quarter. IFP Advisors Inc now owns 3,033 shares of the financial services provider’s stock worth $32,000 after buying an additional 2,363 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of BlackRock Debt Strategies Fund by 93.7% in the third quarter. Global Retirement Partners LLC now owns 3,724 shares of the financial services provider’s stock worth $40,000 after buying an additional 1,801 shares during the period. MTM Investment Management LLC purchased a new position in shares of BlackRock Debt Strategies Fund during the 2nd quarter valued at about $63,000. Finally, Ameritas Advisory Services LLC lifted its position in shares of BlackRock Debt Strategies Fund by 188.8% during the 3rd quarter. Ameritas Advisory Services LLC now owns 9,652 shares of the financial services provider’s stock valued at $103,000 after buying an additional 6,310 shares in the last quarter. 24.29% of the stock is currently owned by hedge funds and other institutional investors.

About BlackRock Debt Strategies Fund

BlackRock Debt Strategies Fund, Inc (NYSE: DSU) is a diversified, closed-end management investment company designed to provide investors with a combination of current income and capital preservation. Managed by BlackRock Fund Advisors, the fund employs a multi-sector, global fixed-income strategy that seeks to deliver attractive risk-adjusted returns through a portfolio of debt instruments. As an interval fund, DSU offers quarterly liquidity to shareholders who wish to redeem shares at specified intervals.

The fund’s investment approach centers on allocation across various credit sectors, including high-yield corporate bonds, emerging markets debt, bank loans and securitized products.