BlackRock Debt Strategies Fund (NYSE:DSU) Sees Unusually-High Trading Volume

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) shares saw strong trading volume on Tuesday . 58,329 shares were traded during trading, a decline of 63% from the previous session’s volume of 159,593 shares.The stock last traded at $10.97 and had previously closed at $11.01.

BlackRock Debt Strategies Fund Trading Down 0.3 %

The company’s 50 day moving average is $10.88 and its 200-day moving average is $10.91.

BlackRock Debt Strategies Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.0987 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 10.79%. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DSU. Avantax Advisory Services Inc. purchased a new position in shares of BlackRock Debt Strategies Fund during the 4th quarter valued at approximately $263,000. Aristides Capital LLC bought a new position in BlackRock Debt Strategies Fund during the 4th quarter valued at $151,000. Creekmur Asset Management LLC acquired a new position in BlackRock Debt Strategies Fund during the 4th quarter worth $86,000. Elevated Capital Advisors LLC increased its position in shares of BlackRock Debt Strategies Fund by 3.9% in the 1st quarter. Elevated Capital Advisors LLC now owns 442,022 shares of the financial services provider’s stock worth $4,889,000 after purchasing an additional 16,555 shares during the last quarter. Finally, Spire Wealth Management raised its stake in shares of BlackRock Debt Strategies Fund by 137.0% in the 1st quarter. Spire Wealth Management now owns 3,041 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 1,758 shares in the last quarter. 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 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.