BlackRock Debt Strategies Fund (NYSE:DSU) Share Price Passes Below Fifty Day Moving Average of $10.99

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $10.99 and traded as low as $10.66. BlackRock Debt Strategies Fund shares last traded at $10.70, with a volume of 84,012 shares changing hands.

BlackRock Debt Strategies Fund Price Performance

The firm’s 50-day simple moving average is $10.99 and its 200-day simple moving average is $10.67.

BlackRock Debt Strategies Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be given a $0.0987 dividend. The ex-dividend date is Friday, April 12th. This represents a $1.18 annualized dividend and a yield of 11.07%.

Institutional Investors Weigh In On BlackRock Debt Strategies Fund

Several large investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. boosted its position in BlackRock Debt Strategies Fund by 12.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 954,403 shares of the financial services provider’s stock valued at $9,802,000 after buying an additional 105,061 shares during the period. Invesco Ltd. lifted its position in shares of BlackRock Debt Strategies Fund by 0.4% in the 3rd quarter. Invesco Ltd. now owns 730,337 shares of the financial services provider’s stock worth $7,501,000 after purchasing an additional 3,151 shares during the period. Elevated Capital Advisors LLC lifted its position in shares of BlackRock Debt Strategies Fund by 3.9% in the 1st quarter. Elevated Capital Advisors LLC now owns 442,022 shares of the financial services provider’s stock worth $4,889,000 after purchasing an additional 16,555 shares during the period. LPL Financial LLC lifted its position in shares of BlackRock Debt Strategies Fund by 3.2% in the 3rd quarter. LPL Financial LLC now owns 380,085 shares of the financial services provider’s stock worth $3,903,000 after purchasing an additional 11,625 shares during the period. Finally, GraniteShares Advisors LLC lifted its position in shares of BlackRock Debt Strategies Fund by 14.6% in the 1st quarter. GraniteShares Advisors LLC now owns 155,777 shares of the financial services provider’s stock worth $1,723,000 after purchasing an additional 19,824 shares during the period. 24.29% of the stock is owned by hedge funds and other institutional investors.

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.