BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Short Interest Update

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Get Free Report) saw a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 122,400 shares, a decline of 29.4% from the November 15th total of 173,400 shares. Based on an average daily volume of 197,500 shares, the days-to-cover ratio is currently 0.6 days.

BlackRock Debt Strategies Fund Trading Up 0.9 %

Shares of NYSE DSU traded up $0.10 during mid-day trading on Friday, hitting $10.93. 244,827 shares of the stock traded hands, compared to its average volume of 168,033. BlackRock Debt Strategies Fund has a twelve month low of $10.11 and a twelve month high of $11.40. The firm has a 50 day simple moving average of $10.88 and a two-hundred day simple moving average of $10.90.

BlackRock Debt Strategies Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 16th will be issued a dividend of $0.0987 per share. This represents a $1.18 annualized dividend and a dividend yield of 10.84%. The ex-dividend date is Monday, December 16th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DSU. Penserra Capital Management LLC acquired a new stake in shares of BlackRock Debt Strategies Fund during the third quarter worth $5,081,000. Creative Planning bought a new stake in shares of BlackRock Debt Strategies Fund during the second quarter worth about $589,000. Shaker Financial Services LLC acquired a new position in BlackRock Debt Strategies Fund during the 2nd quarter valued at about $300,000. GraniteShares Advisors LLC increased its holdings in BlackRock Debt Strategies Fund by 14.3% during the 2nd quarter. GraniteShares Advisors LLC now owns 177,976 shares of the financial services provider's stock worth $1,929,000 after purchasing an additional 22,199 shares in the last quarter. Finally, Moloney Securities Asset Management LLC raised its stake in shares of BlackRock Debt Strategies Fund by 37.1% in the second quarter. Moloney Securities Asset Management LLC now owns 79,858 shares of the financial services provider's stock worth $866,000 after purchasing an additional 21,614 shares during 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.

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