BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.84 and traded as low as $10.77. BlackRock Debt Strategies Fund shares last traded at $10.82, with a volume of 202,300 shares changing hands.
BlackRock Debt Strategies Fund Trading Down 0.4 %
The stock's fifty day moving average price is $10.83 and its two-hundred day moving average price is $10.88.
BlackRock Debt Strategies Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.0987 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 10.95%.
Institutional Investors Weigh In On BlackRock Debt Strategies Fund
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Penserra Capital Management LLC acquired a new position in shares of BlackRock Debt Strategies Fund in the third quarter valued at approximately $5,081,000. Creative Planning acquired a new position in shares of BlackRock Debt Strategies Fund during the second quarter worth $589,000. Jane Street Group LLC bought a new stake in shares of BlackRock Debt Strategies Fund in the third quarter worth $170,000. Worth Asset Management LLC acquired a new stake in BlackRock Debt Strategies Fund in the third quarter valued at $151,000. Finally, Private Advisor Group LLC bought a new position in BlackRock Debt Strategies Fund during the 3rd quarter worth $111,000. 24.29% of the stock is owned by institutional investors.
BlackRock Debt Strategies Fund Company Profile
(
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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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