BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Get Free Report) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.91 and traded as high as $11.07. BlackRock Debt Strategies Fund shares last traded at $11.07, with a volume of 187,677 shares trading hands.
BlackRock Debt Strategies Fund Price Performance
The firm's 50-day moving average is $10.91 and its 200 day moving average is $10.90.
BlackRock Debt Strategies Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 15th will be given a $0.0987 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.18 annualized dividend and a yield of 10.70%.
Institutional Investors Weigh In On BlackRock Debt Strategies Fund
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Register Financial Advisors LLC bought a new stake in BlackRock Debt Strategies Fund during the 2nd quarter worth about $68,000. Creekmur Asset Management LLC bought a new stake in shares of BlackRock Debt Strategies Fund in the 4th quarter valued at about $86,000. Shaker Financial Services LLC bought a new stake in shares of BlackRock Debt Strategies Fund in the 2nd quarter valued at about $300,000. Atomi Financial Group Inc. raised its holdings in shares of BlackRock Debt Strategies Fund by 11.4% in the 1st quarter. Atomi Financial Group Inc. now owns 27,786 shares of the financial services provider's stock valued at $307,000 after purchasing an additional 2,833 shares during the period. Finally, Avantax Advisory Services Inc. raised its holdings in shares of BlackRock Debt Strategies Fund by 22.6% in the 1st quarter. Avantax Advisory Services Inc. now owns 29,859 shares of the financial services provider's stock valued at $330,000 after purchasing an additional 5,497 shares during the period. 24.29% of the stock is owned by institutional investors.
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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