BlackRock Debt Strategies Fund (NYSE:DSU) Share Price Passes Below 50 Day Moving Average – What’s Next?

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.75 and traded as low as $10.62. BlackRock Debt Strategies Fund shares last traded at $10.64, with a volume of 384,954 shares trading hands.

BlackRock Debt Strategies Fund Stock Performance

The company has a 50 day simple moving average of $10.75 and a 200-day simple moving average of $10.85.

BlackRock Debt Strategies Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.0987 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a yield of 11.13%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DSU. Steel Grove Capital Advisors LLC bought a new position in shares of BlackRock Debt Strategies Fund during the 4th quarter valued at $62,000. Darwin Wealth Management LLC bought a new stake in shares of BlackRock Debt Strategies Fund in the 3rd quarter valued at about $103,000. Ameritas Advisory Services LLC bought a new stake in BlackRock Debt Strategies Fund in the fourth quarter valued at approximately $109,000. Private Advisor Group LLC purchased a new stake in shares of BlackRock Debt Strategies Fund during the third quarter valued at approximately $111,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of BlackRock Debt Strategies Fund during the fourth quarter valued at approximately $116,000. 24.29% of the stock is currently owned by institutional investors.

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.