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

Shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.70 and traded as low as $10.44. BlackRock Debt Strategies Fund shares last traded at $10.46, with a volume of 218,890 shares changing hands.

BlackRock Debt Strategies Fund Stock Down 0.5 %

The stock has a 50 day moving average of $10.70 and a two-hundred day moving average of $10.83.

BlackRock Debt Strategies Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.0987 dividend. This represents a $1.18 annualized dividend and a yield of 11.33%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Trading of BlackRock Debt Strategies Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Steel Grove Capital Advisors LLC acquired a new stake in BlackRock Debt Strategies Fund in the 4th quarter valued at $62,000. Darwin Wealth Management LLC acquired a new stake in BlackRock Debt Strategies Fund in the 3rd quarter valued at $103,000. Ameritas Advisory Services LLC acquired a new stake in BlackRock Debt Strategies Fund in the 4th quarter valued at $109,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in BlackRock Debt Strategies Fund in the 4th quarter valued at $116,000. Finally, StoneX Group Inc. acquired a new stake in BlackRock Debt Strategies Fund in the 4th quarter valued at $139,000. 24.29% of the stock is currently owned by institutional investors.

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.