BlackRock Debt Strategies Fund (NYSE:DSU) Share Price Passes Below Fifty Day Moving Average of $10.99

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.99 and traded as low as $10.66. BlackRock Debt Strategies Fund shares last traded at $10.70, with a volume of 84,012 shares changing hands.

BlackRock Debt Strategies Fund Trading Up 0.5 %

The business’s 50-day moving average price is $10.99 and its 200 day moving average price is $10.67.

BlackRock Debt Strategies Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 15th will be given a dividend of $0.0987 per share. The ex-dividend date is Friday, April 12th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 11.07%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group grew its position in shares of BlackRock Debt Strategies Fund by 50.0% during the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 3,000 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 1,000 shares in the last quarter. Creekmur Asset Management LLC purchased a new position in BlackRock Debt Strategies Fund in the fourth quarter worth $86,000. Aristides Capital LLC purchased a new position in BlackRock Debt Strategies Fund in the fourth quarter worth $151,000. SeaCrest Wealth Management LLC grew its position in BlackRock Debt Strategies Fund by 13.3% in the fourth quarter. SeaCrest Wealth Management LLC now owns 14,847 shares of the financial services provider’s stock worth $159,000 after acquiring an additional 1,741 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its position in BlackRock Debt Strategies Fund by 7.9% in the third quarter. Kestra Advisory Services LLC now owns 19,253 shares of the financial services provider’s stock worth $198,000 after acquiring an additional 1,410 shares in the last quarter. 24.29% of the stock is currently owned by hedge funds and other institutional investors.

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.