BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Short Interest Update

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 70,100 shares, a decline of 70.5% from the January 15th total of 237,300 shares. Based on an average daily trading volume, of 233,700 shares, the short-interest ratio is presently 0.3 days.

BlackRock Debt Strategies Fund Stock Down 0.0 %

NYSE:DSU traded down $0.01 during midday trading on Wednesday, hitting $10.76. The company had a trading volume of 119,177 shares, compared to its average volume of 248,129. BlackRock Debt Strategies Fund has a 52-week low of $10.11 and a 52-week high of $11.40. The stock’s fifty day moving average price is $10.78 and its 200-day moving average price is $10.86.

BlackRock Debt Strategies Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.0987 per share. This represents a $1.18 annualized dividend and a dividend yield of 11.02%. The ex-dividend date of this dividend is Friday, February 14th.

Hedge Funds Weigh In On BlackRock Debt Strategies Fund

Several hedge funds and other institutional investors have recently modified their holdings of the company. Darwin Wealth Management LLC purchased a new stake in BlackRock Debt Strategies Fund in the third quarter worth about $103,000. Ameritas Advisory Services LLC purchased a new stake in shares of BlackRock Debt Strategies Fund during the fourth quarter valued at approximately $109,000. Private Advisor Group LLC purchased a new stake in shares of BlackRock Debt Strategies Fund during the third quarter valued at approximately $111,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of BlackRock Debt Strategies Fund during the fourth quarter valued at approximately $116,000. Finally, SeaCrest Wealth Management LLC grew its holdings in shares of BlackRock Debt Strategies Fund by 15.8% during 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 during the last quarter. 24.29% of the stock is owned by 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.