BlackRock Debt Strategies Fund (NYSE:DSU) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.07 and traded as low as $9.84. BlackRock Debt Strategies Fund shares last traded at $9.8750, with a volume of 303,170 shares trading hands.

BlackRock Debt Strategies Fund Stock Performance

The firm has a fifty day simple moving average of $9.78 and a two-hundred day simple moving average of $10.07.

BlackRock Debt Strategies Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.0987 per share. This represents a c) annualized dividend and a yield of 12.0%. The ex-dividend date is Monday, June 15th.

Hedge Funds Weigh In On BlackRock Debt Strategies Fund

Several institutional investors have recently added to or reduced their stakes in DSU. Penserra Capital Management LLC purchased a new position in BlackRock Debt Strategies Fund during the 3rd quarter valued at approximately $6,822,000. Greenup Street Wealth Management LLC bought a new stake in shares of BlackRock Debt Strategies Fund in the 4th quarter valued at approximately $2,770,000. NewEdge Wealth LLC bought a new stake in shares of BlackRock Debt Strategies Fund in the 3rd quarter valued at approximately $1,962,000. Ausdal Financial Partners Inc. bought a new stake in shares of BlackRock Debt Strategies Fund in the 3rd quarter valued at approximately $1,212,000. Finally, PMG Family Office LLC bought a new stake in shares of BlackRock Debt Strategies Fund in the 3rd quarter valued at approximately $1,133,000. 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.