BlackRock Debt Strategies Fund (NYSE:DSU) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.79 and traded as low as $9.64. BlackRock Debt Strategies Fund shares last traded at $9.6450, with a volume of 229,139 shares.

BlackRock Debt Strategies Fund Stock Down 0.9%

The stock’s fifty day simple moving average is $9.79 and its two-hundred day simple moving average is $9.99.

Institutional Investors Weigh In On BlackRock Debt Strategies Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of DSU. NewEdge Advisors LLC grew its holdings in BlackRock Debt Strategies Fund by 7.0% in the first quarter. NewEdge Advisors LLC now owns 84,379 shares of the financial services provider’s stock worth $881,000 after purchasing an additional 5,530 shares during the period. Invesco Ltd. grew its holdings in BlackRock Debt Strategies Fund by 0.7% in the second quarter. Invesco Ltd. now owns 655,619 shares of the financial services provider’s stock worth $6,923,000 after purchasing an additional 4,353 shares during the period. Darwin Wealth Management LLC purchased a new stake in BlackRock Debt Strategies Fund in the second quarter worth about $103,000. Raymond James Financial Inc. grew its holdings in BlackRock Debt Strategies Fund by 6.3% in the second quarter. Raymond James Financial Inc. now owns 272,036 shares of the financial services provider’s stock worth $2,873,000 after purchasing an additional 16,074 shares during the period. Finally, Jane Street Group LLC purchased a new stake in BlackRock Debt Strategies Fund in the second quarter worth about $400,000. Hedge funds and other institutional investors own 24.29% of the company’s stock.

BlackRock Debt Strategies Fund Company Profile

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.