Penserra Capital Management LLC Takes $6.82 Million Position in BlackRock Debt Strategies Fund, Inc. $DSU

Penserra Capital Management LLC purchased a new position in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 642,392 shares of the financial services provider’s stock, valued at approximately $6,822,000. Penserra Capital Management LLC owned approximately 1.18% of BlackRock Debt Strategies Fund as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Guggenheim Capital LLC grew its position in shares of BlackRock Debt Strategies Fund by 15.3% during the second quarter. Guggenheim Capital LLC now owns 1,403,471 shares of the financial services provider’s stock worth $14,821,000 after buying an additional 186,480 shares in the last quarter. Whipplewood Advisors LLC boosted its stake in BlackRock Debt Strategies Fund by 330,486.2% during the 2nd quarter. Whipplewood Advisors LLC now owns 95,870 shares of the financial services provider’s stock valued at $1,012,000 after acquiring an additional 95,841 shares during the last quarter. MTM Investment Management LLC acquired a new position in BlackRock Debt Strategies Fund during the 2nd quarter worth $63,000. Envestnet Asset Management Inc. increased its position in shares of BlackRock Debt Strategies Fund by 11.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 66,879 shares of the financial services provider’s stock worth $706,000 after purchasing an additional 6,804 shares during the last quarter. Finally, Allworth Financial LP raised its stake in shares of BlackRock Debt Strategies Fund by 67.7% in the 2nd quarter. Allworth Financial LP now owns 19,820 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 8,000 shares in the last quarter. Hedge funds and other institutional investors own 24.29% of the company’s stock.

BlackRock Debt Strategies Fund Trading Down 0.5%

NYSE:DSU opened at $10.11 on Friday. BlackRock Debt Strategies Fund, Inc. has a one year low of $8.72 and a one year high of $10.81. The stock has a 50-day simple moving average of $10.23 and a 200 day simple moving average of $10.37.

BlackRock Debt Strategies Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.0987 per share. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a yield of 11.7%.

BlackRock Debt Strategies Fund Company Profile

BlackRock Debt Strategies Fund, Inc (NYSE: DSU) is a diversified, closed-end management investment company designed to provide investors with a combination of current income and capital preservation. Managed by BlackRock Fund Advisors, the fund employs a multi-sector, global fixed-income strategy that seeks to deliver attractive risk-adjusted returns through a portfolio of debt instruments. As an interval fund, DSU offers quarterly liquidity to shareholders who wish to redeem shares at specified intervals.

The fund’s investment approach centers on allocation across various credit sectors, including high-yield corporate bonds, emerging markets debt, bank loans and securitized products.