BlackRock Debt Strategies Fund (NYSE:DSU) Stock Crosses Above 50-Day Moving Average – What’s Next?

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $9.78 and traded as high as $9.96. BlackRock Debt Strategies Fund shares last traded at $9.9050, with a volume of 202,563 shares.

BlackRock Debt Strategies Fund Stock Down 0.1%

The company’s fifty day moving average price is $9.78 and its 200-day moving average price is $10.06.

BlackRock Debt Strategies Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.0987 dividend. This represents a c) annualized dividend and a dividend yield of 12.0%. The ex-dividend date is Monday, June 15th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC purchased a new position in BlackRock Debt Strategies Fund in the 4th quarter worth about $29,000. IFP Advisors Inc increased its stake in BlackRock Debt Strategies Fund by 352.7% in the 3rd 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 during the period. Global Retirement Partners LLC increased its stake in BlackRock Debt Strategies Fund by 93.7% in the 3rd 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. Ameritas Advisory Services LLC increased its stake in BlackRock Debt Strategies Fund by 188.8% in the 3rd quarter. Ameritas Advisory Services LLC now owns 9,652 shares of the financial services provider’s stock worth $103,000 after buying an additional 6,310 shares during the period. Finally, Darwin Wealth Management LLC purchased a new position in BlackRock Debt Strategies Fund in the 2nd quarter worth about $103,000. Hedge funds and other institutional investors own 24.29% of the company’s stock.

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.