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

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $10.84 and traded as high as $10.91. BlackRock Debt Strategies Fund shares last traded at $10.86, with a volume of 132,453 shares trading hands.

BlackRock Debt Strategies Fund Trading Up 0.4 %

The stock’s 50 day moving average is $10.84 and its 200 day moving average is $10.89.

BlackRock Debt Strategies Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 16th were given a dividend of $0.0987 per share. This represents a $1.18 annualized dividend and a dividend yield of 10.91%. The ex-dividend date was Monday, December 16th.

Institutional Trading of BlackRock Debt Strategies Fund

Institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC bought a new stake in BlackRock Debt Strategies Fund in the third quarter worth about $5,081,000. Creative Planning bought a new stake in shares of BlackRock Debt Strategies Fund in the 2nd quarter worth approximately $589,000. Private Advisor Group LLC acquired a new stake in BlackRock Debt Strategies Fund during the third quarter valued at approximately $111,000. SeaCrest Wealth Management LLC boosted its holdings in BlackRock Debt Strategies Fund by 15.8% during the third quarter. SeaCrest Wealth Management LLC now owns 11,800 shares of the financial services provider’s stock worth $130,000 after buying an additional 1,608 shares in the last quarter. Finally, Moloney Securities Asset Management LLC increased its holdings in shares of BlackRock Debt Strategies Fund by 8.9% in the third quarter. Moloney Securities Asset Management LLC now owns 86,930 shares of the financial services provider’s stock valued at $959,000 after buying an additional 7,072 shares in the last quarter. Institutional investors and hedge funds own 24.29% of the company’s stock.

BlackRock Debt Strategies Fund Company Profile

BlackRock Debt Strategies Fund, Inc is a closed ended fixed income mutual fund launched by BlackRock, Inc The fund is managed by BlackRock Advisors, LLC. It invests in fixed income markets of the United States. The fund primarily invests in a diversified portfolio of companies' debt instruments, including corporate loans, which are rated in the lower rating categories of the established rating services (BBB or lower by S&P's or Baa or lower by Moody's) or unrated debt instruments, which are in the judgment of the investment adviser of equivalent quality.