BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Sees Significant Growth in Short Interest

BlackRock Debt Strategies Fund, Inc. (NYSE:DSUGet Rating) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 34,900 shares, a growth of 174.8% from the March 31st total of 12,700 shares. Based on an average daily trading volume, of 185,700 shares, the days-to-cover ratio is presently 0.2 days.

Several hedge funds have recently made changes to their positions in DSU. AllSquare Wealth Management LLC grew its stake in shares of BlackRock Debt Strategies Fund by 66.7% in the 4th quarter. AllSquare Wealth Management LLC now owns 2,500 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,000 shares during the last quarter. UMB Bank N A MO acquired a new stake in shares of BlackRock Debt Strategies Fund in the 4th quarter valued at approximately $31,000. Eaton Vance Management raised its holdings in BlackRock Debt Strategies Fund by 610.9% during the third quarter. Eaton Vance Management now owns 3,142 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 2,700 shares during the last quarter. Confluence Wealth Services Inc. acquired a new position in BlackRock Debt Strategies Fund during the fourth quarter worth $57,000. Finally, CKW Financial Group raised its holdings in BlackRock Debt Strategies Fund by 83.1% during the third quarter. CKW Financial Group now owns 7,658 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 3,475 shares during the last quarter. Institutional investors own 28.34% of the company’s stock.

NYSE:DSU traded up $0.04 during mid-day trading on Thursday, reaching $10.23. 200 shares of the stock were exchanged, compared to its average volume of 185,202. The company has a 50 day simple moving average of $10.33 and a 200-day simple moving average of $11.11. BlackRock Debt Strategies Fund has a 1 year low of $10.00 and a 1 year high of $12.50.

The business also recently announced a monthly dividend, which will be paid on Friday, April 29th. Shareholders of record on Thursday, April 14th will be paid a $0.0605 dividend. The ex-dividend date of this dividend is Wednesday, April 13th. This represents a $0.73 annualized dividend and a dividend yield of 7.10%.

About BlackRock Debt Strategies Fund (Get Rating)

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.

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