BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Stock Short Interest Falls 87.3%

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) was the recipient of a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 23,877 shares, a decrease of 87.3% from the October 15th total of 187,520 shares. Based on an average daily trading volume, of 430,158 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

BlackRock Debt Strategies Fund Trading Up 0.2%

Shares of BlackRock Debt Strategies Fund stock traded up $0.01 on Wednesday, reaching $8.77. The stock had a trading volume of 107,669 shares, compared to its average volume of 320,785. The business’s 50 day moving average is $8.90 and its two-hundred day moving average is $9.54. BlackRock Debt Strategies Fund has a 1 year low of $8.42 and a 1 year high of $10.40.

BlackRock Debt Strategies Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be issued a dividend of $0.0987 per share. This represents a $1.18 dividend on an annualized basis and a yield of 13.5%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DSU. CoreCap Advisors LLC grew its position in shares of BlackRock Debt Strategies Fund by 49.3% during the 2nd quarter. CoreCap Advisors LLC now owns 4,242 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 1,400 shares in the last quarter. Matrix Private Capital Group LLC bought a new stake in BlackRock Debt Strategies Fund during the first quarter valued at $96,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in BlackRock Debt Strategies Fund during the second quarter valued at $98,000. Ameritas Advisory Services LLC purchased a new position in BlackRock Debt Strategies Fund during the second quarter worth about $109,000. Finally, Cyndeo Wealth Partners LLC purchased a new position in BlackRock Debt Strategies Fund during the third quarter worth about $135,000. 24.29% of the stock is owned by institutional investors.

About BlackRock Debt Strategies Fund

BlackRock Debt Strategies Fund is a closed-end investment fund managed by BlackRock. It seeks to provide a high level of current income, with capital appreciation as a secondary objective. The fund invests primarily in below-investment-grade debt, including senior secured loans and other floating-rate debt securities. Its portfolio may also include high-yield bonds and other debt instruments, with investments selected and managed to pursue the fund’s income objective. The fund’s investments are focused primarily on U.S. borrowers, though it may invest in debt issued by companies in other countries.