BlackRock Debt Strategies Fund (NYSE:DSU) Stock Passes Below 50 Day Moving Average – Should You Sell?

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $10.26 and traded as low as $10.17. BlackRock Debt Strategies Fund shares last traded at $10.19, with a volume of 595,731 shares trading hands.

BlackRock Debt Strategies Fund Stock Performance

The stock has a 50 day simple moving average of $10.26 and a 200-day simple moving average of $10.42.

BlackRock Debt Strategies Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were issued a dividend of $0.0987 per share. This represents a c) dividend on an annualized basis and a yield of 11.6%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Investors Weigh In On BlackRock Debt Strategies Fund

A number of hedge funds have recently bought and sold shares of DSU. IFP Advisors Inc lifted its stake in shares of BlackRock Debt Strategies Fund by 352.7% in the 3rd quarter. IFP Advisors Inc now owns 3,033 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 2,363 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of BlackRock Debt Strategies Fund by 93.7% in the third quarter. Global Retirement Partners LLC now owns 3,724 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 1,801 shares during the period. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of BlackRock Debt Strategies Fund during the second quarter valued at $42,000. Cape Investment Advisory Inc. increased its position in BlackRock Debt Strategies Fund by 69.7% during the 1st quarter. Cape Investment Advisory Inc. now owns 5,600 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 2,300 shares during the period. Finally, MTM Investment Management LLC bought a new position in BlackRock Debt Strategies Fund in the second quarter worth approximately $63,000. Hedge funds and other institutional investors own 24.29% of the company’s stock.

About BlackRock Debt Strategies Fund

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.