BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Short Interest Update

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 161,100 shares, a decrease of 24.9% from the June 15th total of 214,600 shares. Based on an average daily volume of 140,800 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On BlackRock Debt Strategies Fund

A number of hedge funds have recently made changes to their positions in DSU. Spire Wealth Management raised its holdings in shares of BlackRock Debt Strategies Fund by 137.0% during the first quarter. Spire Wealth Management now owns 3,041 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 1,758 shares during the last quarter. Register Financial Advisors LLC acquired a new position in shares of BlackRock Debt Strategies Fund during the second quarter valued at approximately $68,000. Creekmur Asset Management LLC acquired a new position in shares of BlackRock Debt Strategies Fund during the fourth quarter valued at approximately $86,000. Aristides Capital LLC acquired a new position in shares of BlackRock Debt Strategies Fund during the fourth quarter valued at approximately $151,000. Finally, SeaCrest Wealth Management LLC raised its holdings in shares of BlackRock Debt Strategies Fund by 13.3% during the fourth quarter. SeaCrest Wealth Management LLC now owns 14,847 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 1,741 shares during the last quarter. Institutional investors and hedge funds own 24.29% of the company’s stock.

BlackRock Debt Strategies Fund Stock Performance

NYSE DSU traded up $0.05 during trading hours on Friday, reaching $10.94. The company’s stock had a trading volume of 107,861 shares, compared to its average volume of 119,679. BlackRock Debt Strategies Fund has a 1-year low of $9.75 and a 1-year high of $11.40. The company’s 50-day moving average is $10.92 and its two-hundred day moving average is $10.92.

BlackRock Debt Strategies Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be issued a $0.0987 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a $1.18 dividend on an annualized basis and a yield of 10.83%.

BlackRock Debt Strategies Fund Company Profile

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.