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

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $9.80 and traded as low as $9.69. BlackRock Debt Strategies Fund shares last traded at $9.7350, with a volume of 264,070 shares traded.

BlackRock Debt Strategies Fund Stock Performance

The firm’s 50-day moving average price is $9.80 and its 200 day moving average price is $9.94.

BlackRock Debt Strategies Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0987 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) annualized dividend and a yield of 12.2%.

Institutional Trading of BlackRock Debt Strategies Fund

A number of hedge funds have recently bought and sold shares of DSU. CoreCap Advisors LLC acquired a new position in shares of BlackRock Debt Strategies Fund in the fourth quarter worth $29,000. IFP Advisors Inc increased its position in shares of BlackRock Debt Strategies Fund by 352.7% during the third 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 period. Matrix Private Capital Group LLC acquired a new stake in BlackRock Debt Strategies Fund during the first quarter valued at approximately $96,000. Darwin Wealth Management LLC bought a new position in BlackRock Debt Strategies Fund during the 2nd quarter valued at about $103,000. Finally, HRT Financial LP acquired a new stake in shares of BlackRock Debt Strategies Fund in the fourth quarter valued at $104,000. 24.29% of the stock is owned by hedge funds and other institutional investors.

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.