BlackRock Debt Strategies Fund (NYSE:DSU) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.19 and traded as low as $9.99. BlackRock Debt Strategies Fund shares last traded at $10.0350, with a volume of 182,057 shares trading hands.

BlackRock Debt Strategies Fund Price Performance

The company’s fifty day moving average is $10.19 and its two-hundred day moving average is $10.34.

BlackRock Debt Strategies Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $0.0987 dividend. This represents a c) annualized dividend and a dividend yield of 11.8%. The ex-dividend date is Friday, March 13th.

Hedge Funds Weigh In On BlackRock Debt Strategies Fund

Institutional investors have recently bought and sold shares of the company. Guggenheim Capital LLC increased its stake in BlackRock Debt Strategies Fund by 2.6% during the fourth quarter. Guggenheim Capital LLC now owns 1,588,291 shares of the financial services provider’s stock worth $16,169,000 after purchasing an additional 40,449 shares during the period. LPL Financial LLC increased its stake in BlackRock Debt Strategies Fund by 1.6% during the 4th quarter. LPL Financial LLC now owns 735,239 shares of the financial services provider’s stock worth $7,485,000 after buying an additional 11,905 shares during the period. Invesco Ltd. lifted its holdings in BlackRock Debt Strategies Fund by 2.5% during the 3rd quarter. Invesco Ltd. now owns 671,797 shares of the financial services provider’s stock worth $7,134,000 after buying an additional 16,178 shares in the last quarter. Penserra Capital Management LLC purchased a new position in BlackRock Debt Strategies Fund in the 3rd quarter valued at approximately $6,822,000. Finally, Advisors Asset Management Inc. boosted its position in BlackRock Debt Strategies Fund by 2.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 480,571 shares of the financial services provider’s stock valued at $5,104,000 after buying an additional 12,853 shares during the period. 24.29% of the stock is owned by institutional investors and hedge funds.

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.