BlackRock Debt Strategies Fund (NYSE:DSU) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.84 and traded as low as $10.77. BlackRock Debt Strategies Fund shares last traded at $10.82, with a volume of 202,300 shares trading hands.

BlackRock Debt Strategies Fund Stock Down 0.4 %

The company has a fifty day moving average price of $10.83 and a two-hundred day moving average price of $10.88.

BlackRock Debt Strategies Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a dividend of $0.0987 per share. This represents a $1.18 dividend on an annualized basis and a yield of 10.95%. The ex-dividend date of this dividend is Wednesday, January 15th.

Hedge Funds Weigh In On BlackRock Debt Strategies Fund

Several institutional investors have recently added to or reduced their stakes in DSU. Jane Street Group LLC purchased a new stake in shares of BlackRock Debt Strategies Fund during the 3rd quarter worth $170,000. Penserra Capital Management LLC purchased a new stake in BlackRock Debt Strategies Fund during the third quarter worth about $5,081,000. Darwin Wealth Management LLC acquired a new position in BlackRock Debt Strategies Fund during the third quarter worth about $103,000. Moloney Securities Asset Management LLC increased its holdings in BlackRock Debt Strategies Fund by 8.9% in the third quarter. Moloney Securities Asset Management LLC now owns 86,930 shares of the financial services provider’s stock valued at $959,000 after buying an additional 7,072 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new stake in shares of BlackRock Debt Strategies Fund during the 3rd quarter valued at approximately $111,000. Institutional investors and hedge funds 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.