BlackRock Debt Strategies Fund (NYSE:DSU) Stock Crosses Below Fifty Day Moving Average – Here’s Why

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $9.79 and traded as low as $9.64. BlackRock Debt Strategies Fund shares last traded at $9.6450, with a volume of 229,139 shares changing hands.

BlackRock Debt Strategies Fund Stock Down 0.9%

The company has a 50 day simple moving average of $9.79 and a 200-day simple moving average of $9.99.

Hedge Funds Weigh In On BlackRock Debt Strategies Fund

Several institutional investors have recently added to or reduced their stakes in DSU. CoreCap Advisors LLC acquired a new position in shares of BlackRock Debt Strategies Fund during the fourth quarter worth approximately $29,000. IFP Advisors Inc raised its position in shares of BlackRock Debt Strategies Fund by 352.7% during the third quarter. IFP Advisors Inc now owns 3,033 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 2,363 shares during the period. Matrix Private Capital Group LLC acquired a new position in shares of BlackRock Debt Strategies Fund during the first quarter worth approximately $96,000. Ameritas Advisory Services LLC raised its position in shares of BlackRock Debt Strategies Fund by 188.8% during the third quarter. Ameritas Advisory Services LLC now owns 9,652 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 6,310 shares during the period. Finally, Darwin Wealth Management LLC acquired a new position in shares of BlackRock Debt Strategies Fund during the second quarter worth approximately $103,000. 24.29% of the stock is owned by institutional investors and hedge funds.

BlackRock Debt Strategies Fund Company Profile

BlackRock Debt Strategies Fund, Inc (NYSE: DSU) is a diversified, closed-end management investment company designed to provide investors with a combination of current income and capital preservation. Managed by BlackRock Fund Advisors, the fund employs a multi-sector, global fixed-income strategy that seeks to deliver attractive risk-adjusted returns through a portfolio of debt instruments. As an interval fund, DSU offers quarterly liquidity to shareholders who wish to redeem shares at specified intervals.

The fund’s investment approach centers on allocation across various credit sectors, including high-yield corporate bonds, emerging markets debt, bank loans and securitized products.