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

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.80 and traded as low as $9.69. BlackRock Debt Strategies Fund shares last traded at $9.7350, with a volume of 264,070 shares changing hands.

BlackRock Debt Strategies Fund Stock Up 0.4%

The firm has a 50 day simple moving average of $9.80 and a two-hundred day simple moving average of $9.94.

BlackRock Debt Strategies Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.0987 dividend. This represents a c) annualized dividend and a dividend yield of 12.2%. The ex-dividend date is Tuesday, September 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in BlackRock Debt Strategies Fund by 4.5% during the first quarter. NewEdge Advisors LLC now owns 88,428 shares of the financial services provider’s stock worth $848,000 after purchasing an additional 3,787 shares in the last quarter. Bank of America Corp DE lifted its position in BlackRock Debt Strategies Fund by 8.8% during the first quarter. Bank of America Corp DE now owns 507,223 shares of the financial services provider’s stock worth $4,864,000 after buying an additional 41,216 shares during the period. Royal Bank of Canada grew its stake in shares of BlackRock Debt Strategies Fund by 3.2% during the 1st quarter. Royal Bank of Canada now owns 125,758 shares of the financial services provider’s stock valued at $1,206,000 after buying an additional 3,958 shares during the period. Matrix Private Capital Group LLC acquired a new position in shares of BlackRock Debt Strategies Fund in the 1st quarter valued at about $96,000. Finally, Cetera Investment Advisers raised its stake in shares of BlackRock Debt Strategies Fund by 2.6% in the 1st quarter. Cetera Investment Advisers now owns 112,618 shares of the financial services provider’s stock valued at $1,080,000 after acquiring an additional 2,882 shares during the period. 24.29% of the stock is currently owned by institutional investors and hedge funds.

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.