BlackRock Debt Strategies Fund (NYSE:DSU) Shares Pass Above Fifty Day Moving Average – Should You Sell?

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $9.78 and traded as high as $9.84. BlackRock Debt Strategies Fund shares last traded at $9.8050, with a volume of 429,910 shares traded.

BlackRock Debt Strategies Fund Stock Performance

The stock has a 50-day moving average price of $9.78 and a 200-day moving average price of $10.03.

BlackRock Debt Strategies Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.0987 dividend. This represents a c) annualized dividend and a yield of 12.1%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Trading of BlackRock Debt Strategies Fund

Several hedge funds and other institutional investors have recently bought and sold shares of DSU. Penserra Capital Management LLC bought a new stake in BlackRock Debt Strategies Fund in the third quarter valued at about $6,822,000. Greenup Street Wealth Management LLC bought a new stake in BlackRock Debt Strategies Fund in the fourth quarter valued at about $2,770,000. NewEdge Wealth LLC bought a new stake in BlackRock Debt Strategies Fund in the third quarter valued at about $1,962,000. Ausdal Financial Partners Inc. bought a new stake in BlackRock Debt Strategies Fund in the third quarter valued at about $1,212,000. Finally, PMG Family Office LLC bought a new stake in BlackRock Debt Strategies Fund in the third quarter valued at about $1,133,000. 24.29% of the stock is owned by 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.