BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $10.89 and traded as high as $11.04. BlackRock Debt Strategies Fund shares last traded at $11.01, with a volume of 117,410 shares trading hands.
BlackRock Debt Strategies Fund Price Performance
The firm has a 50-day moving average price of $10.89 and a 200 day moving average price of $10.90.
BlackRock Debt Strategies Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be issued a $0.0987 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 10.79%. The ex-dividend date of this dividend is Tuesday, October 15th.
Institutional Trading of BlackRock Debt Strategies Fund
A number of institutional investors and hedge funds have recently modified their holdings of the business. Creative Planning bought a new stake in shares of BlackRock Debt Strategies Fund during the 2nd quarter valued at about $589,000. Shaker Financial Services LLC acquired a new stake in shares of BlackRock Debt Strategies Fund during the 2nd quarter worth approximately $300,000. GraniteShares Advisors LLC lifted its holdings in shares of BlackRock Debt Strategies Fund by 14.3% in 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 during the last quarter. Moloney Securities Asset Management LLC boosted its position in BlackRock Debt Strategies Fund by 37.1% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 79,858 shares of the financial services provider's stock valued at $866,000 after purchasing an additional 21,614 shares during the period. Finally, Elevated Capital Advisors LLC grew its stake in BlackRock Debt Strategies Fund by 3.9% during the 1st quarter. Elevated Capital Advisors LLC now owns 442,022 shares of the financial services provider's stock worth $4,889,000 after buying an additional 16,555 shares during the last quarter. 24.29% of the stock is owned by institutional investors and hedge funds.
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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