BlackRock Debt Strategies Fund (NYSE:DSU) Reaches New 1-Year Low – Should You Sell?

Shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) hit a new 52-week low during trading on Monday . The company traded as low as $9.07 and last traded at $9.0850, with a volume of 193597 shares trading hands. The stock had previously closed at $9.12.

BlackRock Debt Strategies Fund Stock Down 0.4%

The business’s 50 day simple moving average is $9.42 and its two-hundred day simple moving average is $9.64.

BlackRock Debt Strategies Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Investors of record on Friday, December 11th will be given a $0.0987 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a c) annualized dividend and a yield of 13.0%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DSU. CoreCap Advisors LLC raised its position in BlackRock Debt Strategies Fund by 49.3% in the 2nd quarter. CoreCap Advisors LLC now owns 4,242 shares of the financial services provider’s stock valued at $41,000 after buying an additional 1,400 shares during the last quarter. IFP Advisors Inc boosted its holdings in BlackRock Debt Strategies Fund by 67.7% during the 4th quarter. IFP Advisors Inc now owns 5,085 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 2,052 shares during the last quarter. Matrix Private Capital Group LLC purchased 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 bought a new stake in shares of BlackRock Debt Strategies Fund in the 2nd quarter worth $98,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of BlackRock Debt Strategies Fund in the second quarter valued at about $109,000. Hedge funds and other 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 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.