BlackRock Debt Strategies Fund (NYSE:DSU) Sets New 52-Week Low – What’s Next?

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $9.30 and last traded at $9.3050, with a volume of 60966 shares traded. The stock had previously closed at $9.32.

BlackRock Debt Strategies Fund Stock Down 0.3%

The business has a fifty day moving average of $9.48 and a 200 day moving average of $9.67.

BlackRock Debt Strategies Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be given a $0.0987 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date of this dividend is Friday, December 11th.

Institutional Trading of BlackRock Debt Strategies Fund

A number of hedge funds have recently made changes to their positions in DSU. IFP Advisors Inc increased its stake in shares of BlackRock Debt Strategies Fund by 352.7% in the third 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. CoreCap Advisors LLC boosted its stake in BlackRock Debt Strategies Fund by 49.3% during the 2nd quarter. CoreCap Advisors LLC now owns 4,242 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 1,400 shares during the last quarter. Matrix Private Capital Group LLC acquired a new position in BlackRock Debt Strategies Fund during the 1st quarter worth $96,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in BlackRock Debt Strategies Fund during the 2nd quarter worth $98,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of BlackRock Debt Strategies Fund in the 2nd quarter worth about $103,000. Institutional investors and hedge funds own 24.29% of the company’s stock.

About BlackRock Debt Strategies Fund

BlackRock Debt Strategies Fund, Inc (NYSE: DSU) is a closed-end investment fund managed by BlackRock Advisors, LLC. The fund seeks to provide a high level of current income and, to a lesser extent, capital appreciation by investing primarily in debt securities and other income-producing investments.

Its portfolio generally focuses on below-investment-grade corporate debt, including senior secured and floating-rate loans. These investments are typically issued by companies across a range of industries and may include loans and other debt instruments that rank senior to a company’s common equity and certain other obligations.

The fund is designed to provide shareholders with access to a professionally managed portfolio of corporate credit investments.