BlackRock Debt Strategies Fund (NYSE:DSU) Sees Strong Trading Volume – Here’s Why

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) shares saw unusually-strong trading volume on Friday . Approximately 111,069 shares traded hands during trading, a decline of 33% from the previous session’s volume of 164,777 shares.The stock last traded at $10.81 and had previously closed at $10.86.

BlackRock Debt Strategies Fund Trading Up 0.9 %

The company’s 50-day simple moving average is $10.95 and its 200-day simple moving average is $10.91.

BlackRock Debt Strategies Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.0987 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 10.91%. The ex-dividend date of this dividend is Friday, November 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Register Financial Advisors LLC acquired a new position in BlackRock Debt Strategies Fund during the second quarter worth about $68,000. Darwin Wealth Management LLC acquired a new position in BlackRock Debt Strategies Fund during the 3rd quarter worth approximately $103,000. Private Advisor Group LLC bought a new position in BlackRock Debt Strategies Fund in the 3rd quarter valued at approximately $111,000. SeaCrest Wealth Management LLC boosted its position in BlackRock Debt Strategies Fund by 15.8% in the third quarter. SeaCrest Wealth Management LLC now owns 11,800 shares of the financial services provider’s stock valued at $130,000 after buying an additional 1,608 shares in the last quarter. Finally, Worth Asset Management LLC bought a new stake in shares of BlackRock Debt Strategies Fund during the third quarter worth $151,000. Institutional investors and hedge funds own 24.29% of the company’s stock.

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.