BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Get Free Report) shares saw an uptick in trading volume on Friday . 111,069 shares traded hands during mid-day trading, a decline of 33% from the previous session's volume of 164,777 shares.The stock last traded at $10.81 and had previously closed at $10.86.
BlackRock Debt Strategies Fund Price Performance
The stock has a 50-day simple moving average of $10.95 and a 200-day simple moving average of $10.91.
BlackRock Debt Strategies Fund Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued 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 of this dividend is Friday, November 15th.
Institutional Trading of BlackRock Debt Strategies Fund
Hedge funds have recently added to or reduced their stakes in the stock. Register Financial Advisors LLC bought a new stake in BlackRock Debt Strategies Fund during the second quarter valued at $68,000. Darwin Wealth Management LLC acquired a new stake in BlackRock Debt Strategies Fund during the third quarter worth approximately $103,000. Private Advisor Group LLC acquired a new position in BlackRock Debt Strategies Fund in the third quarter valued at approximately $111,000. SeaCrest Wealth Management LLC boosted its holdings in shares of BlackRock Debt Strategies Fund by 15.8% during the 3rd 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, Worth Asset Management LLC acquired a new stake in shares of BlackRock Debt Strategies Fund during the 3rd quarter worth approximately $151,000. Institutional investors and hedge funds own 24.29% of the company's stock.
BlackRock Debt Strategies Fund Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider BlackRock Debt Strategies Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BlackRock Debt Strategies Fund wasn't on the list.
While BlackRock Debt Strategies Fund currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for December 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
