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

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $10.24 and traded as low as $10.15. BlackRock Debt Strategies Fund shares last traded at $10.1550, with a volume of 231,221 shares.

BlackRock Debt Strategies Fund Price Performance

The stock’s 50-day simple moving average is $10.24 and its two-hundred day simple moving average is $10.39.

BlackRock Debt Strategies Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $0.0987 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a yield of 11.7%.

Institutional Investors Weigh In On BlackRock Debt Strategies Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Guggenheim Capital LLC increased its holdings in BlackRock Debt Strategies Fund by 15.3% in the 2nd quarter. Guggenheim Capital LLC now owns 1,403,471 shares of the financial services provider’s stock valued at $14,821,000 after acquiring an additional 186,480 shares during the last quarter. Whipplewood Advisors LLC grew its position in shares of BlackRock Debt Strategies Fund by 330,486.2% during the second quarter. Whipplewood Advisors LLC now owns 95,870 shares of the financial services provider’s stock valued at $1,012,000 after purchasing an additional 95,841 shares in the last quarter. MTM Investment Management LLC purchased a new position in shares of BlackRock Debt Strategies Fund during the second quarter valued at about $63,000. Envestnet Asset Management Inc. increased its holdings in shares of BlackRock Debt Strategies Fund by 11.3% in the second quarter. Envestnet Asset Management Inc. now owns 66,879 shares of the financial services provider’s stock worth $706,000 after purchasing an additional 6,804 shares during the last quarter. Finally, Allworth Financial LP lifted its position in shares of BlackRock Debt Strategies Fund by 67.7% in the second quarter. Allworth Financial LP now owns 19,820 shares of the financial services provider’s stock worth $209,000 after buying an additional 8,000 shares in the last quarter. 24.29% of the stock is owned by institutional investors.

About BlackRock Debt Strategies Fund

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.