BlackRock Debt Strategies Fund (NYSE:DSU) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.84 and traded as high as $10.91. BlackRock Debt Strategies Fund shares last traded at $10.86, with a volume of 132,453 shares.

BlackRock Debt Strategies Fund Stock Performance

The firm has a 50 day moving average of $10.84 and a 200-day moving average of $10.89.

BlackRock Debt Strategies Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 16th were given a $0.0987 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.18 annualized dividend and a yield of 10.93%.

Institutional Investors Weigh In On BlackRock Debt Strategies Fund

Several institutional investors and hedge funds have recently bought and sold shares of DSU. Penserra Capital Management LLC acquired a new position in BlackRock Debt Strategies Fund in the third quarter worth about $5,081,000. Creative Planning bought a new position in shares of BlackRock Debt Strategies Fund during the 2nd quarter worth approximately $589,000. Shaker Financial Services LLC acquired a new stake in BlackRock Debt Strategies Fund in the 2nd quarter valued at $300,000. GraniteShares Advisors LLC grew its position in BlackRock Debt Strategies Fund by 14.3% in the second quarter. GraniteShares Advisors LLC now owns 177,976 shares of the financial services provider’s stock valued at $1,929,000 after acquiring an additional 22,199 shares during the period. Finally, Moloney Securities Asset Management LLC raised its stake in BlackRock Debt Strategies Fund by 37.1% during the second quarter. Moloney Securities Asset Management LLC now owns 79,858 shares of the financial services provider’s stock worth $866,000 after acquiring an additional 21,614 shares in the last quarter. Institutional investors own 24.29% of the company’s stock.

About BlackRock Debt Strategies Fund

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.