Short Interest in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Expands By 45.7%

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 102,000 shares, a growth of 45.7% from the February 28th total of 70,000 shares. Based on an average daily trading volume, of 241,900 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Steel Grove Capital Advisors LLC purchased a new stake in BlackRock Debt Strategies Fund during the fourth quarter valued at approximately $62,000. Ameritas Advisory Services LLC bought a new position in shares of BlackRock Debt Strategies Fund in the fourth quarter worth about $109,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in BlackRock Debt Strategies Fund during the 4th quarter worth approximately $116,000. StoneX Group Inc. bought a new stake in shares of BlackRock Debt Strategies Fund during the 4th quarter valued at $139,000. Finally, Landscape Capital Management L.L.C. bought a new stake in BlackRock Debt Strategies Fund during the fourth quarter valued at about $145,000. 24.29% of the stock is owned by hedge funds and other institutional investors.

BlackRock Debt Strategies Fund Price Performance

NYSE DSU traded down $0.02 during trading hours on Friday, hitting $10.50. The company’s stock had a trading volume of 167,534 shares, compared to its average volume of 192,347. BlackRock Debt Strategies Fund has a 12 month low of $10.11 and a 12 month high of $11.19. The company’s 50 day simple moving average is $10.65 and its two-hundred day simple moving average is $10.80.

BlackRock Debt Strategies Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.0987 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 11.28%.

BlackRock Debt Strategies Fund Company Profile

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.