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

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $9.73 and traded as low as $9.43. BlackRock Debt Strategies Fund shares last traded at $9.5210, with a volume of 409,696 shares changing hands.

BlackRock Debt Strategies Fund Price Performance

The stock has a 50-day moving average price of $9.72 and a 200 day moving average price of $9.87.

BlackRock Debt Strategies Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $0.0987 dividend. This represents a c) annualized dividend and a yield of 12.4%. The ex-dividend date of this dividend is Tuesday, September 15th.

Hedge Funds Weigh In On BlackRock Debt Strategies Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC purchased a new stake in shares of BlackRock Debt Strategies Fund during the fourth quarter worth about $29,000. IFP Advisors Inc boosted its holdings in BlackRock Debt Strategies Fund by 352.7% in the 3rd quarter. IFP Advisors Inc now owns 3,033 shares of the financial services provider’s stock worth $32,000 after buying an additional 2,363 shares during the last quarter. Matrix Private Capital Group LLC acquired a new stake in BlackRock Debt Strategies Fund in the 1st quarter worth about $96,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in BlackRock Debt Strategies Fund during the 2nd quarter worth approximately $98,000. Finally, Darwin Wealth Management LLC purchased a new stake in BlackRock Debt Strategies Fund during the 2nd quarter worth approximately $103,000. 24.29% of the stock is owned by hedge funds and other 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.