Shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Get Free Report) 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.
BlackRock Debt Strategies Fund Stock Up 0.4 %
The company has a 50 day moving average of $10.84 and a 200 day moving average of $10.89.
BlackRock Debt Strategies Fund Announces Dividend
The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 16th were given a $0.0987 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 10.91%.
Hedge Funds Weigh In On BlackRock Debt Strategies Fund
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Darwin Wealth Management LLC acquired a new stake in shares of BlackRock Debt Strategies Fund in the third quarter valued at about $103,000. Private Advisor Group LLC acquired a new stake in BlackRock Debt Strategies Fund in the 3rd quarter valued at approximately $111,000. SeaCrest Wealth Management LLC increased its position in BlackRock Debt Strategies Fund by 15.8% in 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 during the period. Worth Asset Management LLC acquired a new position in shares of BlackRock Debt Strategies Fund during the third quarter worth approximately $151,000. Finally, Jane Street Group LLC bought a new stake in shares of BlackRock Debt Strategies Fund in the third quarter valued at approximately $170,000. Institutional investors and hedge funds own 24.29% of the company's stock.
About BlackRock Debt Strategies Fund
(
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.
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