Penserra Capital Management LLC Makes New Investment in BlackRock Debt Strategies Fund, Inc. $DSU

Penserra Capital Management LLC bought a new stake in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) in the third quarter, HoldingsChannel.com reports. The fund bought 642,392 shares of the financial services provider’s stock, valued at approximately $6,822,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Guggenheim Capital LLC lifted its holdings in shares of 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 worth $14,821,000 after purchasing an additional 186,480 shares during the last quarter. Invesco Ltd. increased its position in BlackRock Debt Strategies Fund by 0.7% in the second quarter. Invesco Ltd. now owns 655,619 shares of the financial services provider’s stock worth $6,923,000 after buying an additional 4,353 shares during the period. Bank of America Corp DE lifted its stake in BlackRock Debt Strategies Fund by 0.9% in the second quarter. Bank of America Corp DE now owns 349,610 shares of the financial services provider’s stock valued at $3,692,000 after buying an additional 2,984 shares during the last quarter. GraniteShares Advisors LLC lifted its stake in BlackRock Debt Strategies Fund by 9.7% in the third quarter. GraniteShares Advisors LLC now owns 285,507 shares of the financial services provider’s stock valued at $3,032,000 after buying an additional 25,143 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in shares of BlackRock Debt Strategies Fund by 6.3% during the second quarter. Raymond James Financial Inc. now owns 272,036 shares of the financial services provider’s stock valued at $2,873,000 after acquiring an additional 16,074 shares during the period. 24.29% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Debt Strategies Fund Stock Performance

BlackRock Debt Strategies Fund stock opened at $10.11 on Friday. BlackRock Debt Strategies Fund, Inc. has a one year low of $8.72 and a one year high of $10.81. The company has a 50-day simple moving average of $10.23 and a 200-day simple moving average of $10.37.

BlackRock Debt Strategies Fund Announces Dividend

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

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.