BlackRock Debt Strategies Fund (NYSE:DSU) Shares Pass Below Fifty Day Moving Average of $10.87

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.87 and traded as low as $10.74. BlackRock Debt Strategies Fund shares last traded at $10.80, with a volume of 153,379 shares trading hands.

BlackRock Debt Strategies Fund Stock Performance

The firm’s 50 day moving average price is $10.89 and its two-hundred day moving average price is $10.91.

BlackRock Debt Strategies Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.0987 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 10.94%. The ex-dividend date of this dividend is Friday, June 14th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DSU. Strategic Wealth Partners Ltd. raised its stake in BlackRock Debt Strategies Fund by 4.5% in the first quarter. Strategic Wealth Partners Ltd. now owns 152,411 shares of the financial services provider’s stock valued at $1,686,000 after purchasing an additional 6,526 shares in the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of BlackRock Debt Strategies Fund by 22.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 29,859 shares of the financial services provider’s stock worth $330,000 after acquiring an additional 5,497 shares during the period. Atomi Financial Group Inc. boosted its position in shares of BlackRock Debt Strategies Fund by 11.4% during the 1st quarter. Atomi Financial Group Inc. now owns 27,786 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 2,833 shares in the last quarter. Moloney Securities Asset Management LLC increased its stake in BlackRock Debt Strategies Fund by 14.5% in the first quarter. Moloney Securities Asset Management LLC now owns 58,244 shares of the financial services provider’s stock valued at $644,000 after acquiring an additional 7,369 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in BlackRock Debt Strategies Fund by 4.3% in the first quarter. Janney Montgomery Scott LLC now owns 47,198 shares of the financial services provider’s stock valued at $522,000 after acquiring an additional 1,938 shares during the last quarter. Institutional investors and hedge funds own 24.29% of the company’s stock.

About BlackRock Debt Strategies Fund

BlackRock Debt Strategies Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets of the United States. The fund primarily invests in a diversified portfolio of companies' debt instruments, including corporate loans, which are rated in the lower rating categories of the established rating services (BBB or lower by S&P's or Baa or lower by Moody's) or unrated debt instruments, which are in the judgment of the investment adviser of equivalent quality.