BlackRock Debt Strategies Fund (NYSE:DSU) Shares Cross Below 50 Day Moving Average – Here’s What Happened

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $10.70 and traded as low as $10.44. BlackRock Debt Strategies Fund shares last traded at $10.46, with a volume of 218,890 shares changing hands.

BlackRock Debt Strategies Fund Trading Up 0.5 %

The business has a fifty day moving average price of $10.69 and a two-hundred day moving average price of $10.82.

BlackRock Debt Strategies Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.0987 per share. The ex-dividend date is Friday, March 14th. This represents a $1.18 annualized dividend and a yield of 11.30%.

Institutional Trading of BlackRock Debt Strategies Fund

A number of hedge funds have recently made changes to their positions in DSU. Armis Advisers LLC acquired a new position in BlackRock Debt Strategies Fund in the 4th quarter valued at approximately $683,000. Strategic Wealth Partners Ltd. raised its holdings in shares of BlackRock Debt Strategies Fund by 0.9% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 161,011 shares of the financial services provider’s stock worth $1,737,000 after acquiring an additional 1,400 shares in the last quarter. Bank of America Corp DE boosted its position in BlackRock Debt Strategies Fund by 4.6% during the fourth quarter. Bank of America Corp DE now owns 331,786 shares of the financial services provider’s stock valued at $3,570,000 after purchasing an additional 14,679 shares during the last quarter. Ameriprise Financial Inc. grew its stake in BlackRock Debt Strategies Fund by 17.5% in the fourth quarter. Ameriprise Financial Inc. now owns 248,135 shares of the financial services provider’s stock valued at $2,670,000 after purchasing an additional 36,960 shares in the last quarter. Finally, Virtus ETF Advisers LLC increased its position in BlackRock Debt Strategies Fund by 17.3% in the 4th quarter. Virtus ETF Advisers LLC now owns 70,013 shares of the financial services provider’s stock worth $753,000 after purchasing an additional 10,341 shares during the last quarter. 24.29% of the stock is owned by hedge funds and other institutional investors.

BlackRock Debt Strategies Fund Company Profile

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.