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

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $9.95 and traded as low as $9.35. BlackRock Debt Strategies Fund shares last traded at $9.3550, with a volume of 365,077 shares.

BlackRock Debt Strategies Fund Stock Down 1.6%

The firm’s 50 day simple moving average is $9.95 and its two-hundred day simple moving average is $10.19.

BlackRock Debt Strategies Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.0987 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a yield of 12.7%.

Institutional Investors Weigh In On BlackRock Debt Strategies Fund

Several hedge funds and other institutional investors have recently modified their holdings of DSU. CoreCap Advisors LLC bought a new position in shares of BlackRock Debt Strategies Fund in the 4th quarter worth $29,000. IFP Advisors Inc increased its stake in BlackRock Debt Strategies Fund by 352.7% during the 3rd quarter. IFP Advisors Inc now owns 3,033 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 2,363 shares in the last quarter. Global Retirement Partners LLC raised its holdings in BlackRock Debt Strategies Fund by 93.7% during the third quarter. Global Retirement Partners LLC now owns 3,724 shares of the financial services provider’s stock worth $40,000 after buying an additional 1,801 shares during the last quarter. Ameritas Advisory Services LLC raised its holdings in BlackRock Debt Strategies Fund by 188.8% during the third quarter. Ameritas Advisory Services LLC now owns 9,652 shares of the financial services provider’s stock worth $103,000 after buying an additional 6,310 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in shares of BlackRock Debt Strategies Fund in the second quarter valued at $103,000. Institutional investors own 24.29% of the company’s stock.

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.