BlackRock Debt Strategies Fund (NYSE:DSU) Shares Pass Below 50-Day Moving Average – Here’s Why

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $10.19 and traded as low as $9.99. BlackRock Debt Strategies Fund shares last traded at $10.0350, with a volume of 182,057 shares trading hands.

BlackRock Debt Strategies Fund Trading Up 0.5%

The firm has a fifty day moving average price of $10.19 and a 200 day moving average price of $10.34.

BlackRock Debt Strategies Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $0.0987 dividend. This represents a c) annualized dividend and a yield of 11.8%. The ex-dividend date is Friday, March 13th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC acquired a new stake in BlackRock Debt Strategies Fund during the third quarter worth $6,822,000. Greenup Street Wealth Management LLC acquired a new stake in shares of BlackRock Debt Strategies Fund during the 4th quarter worth about $2,770,000. NewEdge Wealth LLC purchased a new stake in BlackRock Debt Strategies Fund in the 3rd quarter valued at about $1,962,000. Guggenheim Capital LLC lifted its position in BlackRock Debt Strategies Fund by 15.3% in the second quarter. Guggenheim Capital LLC now owns 1,403,471 shares of the financial services provider’s stock valued at $14,821,000 after buying an additional 186,480 shares during the last quarter. Finally, Ausdal Financial Partners Inc. purchased a new position in BlackRock Debt Strategies Fund during the third quarter worth about $1,212,000. 24.29% of the stock is currently owned by institutional investors and hedge funds.

About BlackRock Debt Strategies Fund

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.