BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Get Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $10.87 and traded as low as $10.74. BlackRock Debt Strategies Fund shares last traded at $10.80, with a volume of 153,379 shares.
BlackRock Debt Strategies Fund Stock Up 0.6 %
The business has a 50 day simple moving average of $10.88 and a two-hundred day simple moving average of $10.91.
BlackRock Debt Strategies Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.0987 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.18 dividend on an annualized basis and a yield of 10.93%.
Hedge Funds Weigh In On BlackRock Debt Strategies Fund
A number of institutional investors have recently added to or reduced their stakes in DSU. Advisors Asset Management Inc. increased its stake in BlackRock Debt Strategies Fund by 12.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 954,403 shares of the financial services provider's stock worth $9,802,000 after acquiring an additional 105,061 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of BlackRock Debt Strategies Fund during the 4th quarter valued at about $792,000. Truist Financial Corp increased its position in shares of BlackRock Debt Strategies Fund by 74.6% during the 4th quarter. Truist Financial Corp now owns 75,738 shares of the financial services provider's stock valued at $817,000 after purchasing an additional 32,354 shares during the last quarter. Avantax Advisory Services Inc. bought a new position in shares of BlackRock Debt Strategies Fund during the 4th quarter valued at about $263,000. Finally, GraniteShares Advisors LLC increased its position in shares of BlackRock Debt Strategies Fund by 14.6% during the 1st quarter. GraniteShares Advisors LLC now owns 155,777 shares of the financial services provider's stock valued at $1,723,000 after purchasing an additional 19,824 shares during the last quarter. 24.29% of the stock is currently 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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