BlackRock Debt Strategies Fund (NYSE:DSU) Stock Price Passes Below Fifty Day Moving Average – Should You Sell?

Shares of BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.70 and traded as low as $10.44. BlackRock Debt Strategies Fund shares last traded at $10.46, with a volume of 218,890 shares trading hands.

BlackRock Debt Strategies Fund Trading Up 0.5 %

The business has a fifty day moving average of $10.69 and a 200-day moving average of $10.82.

BlackRock Debt Strategies Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.0987 per share. This represents a $1.18 dividend on an annualized basis and a yield of 11.30%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Darwin Wealth Management LLC acquired a new stake in shares of BlackRock Debt Strategies Fund during the third quarter worth $103,000. Penserra Capital Management LLC acquired a new stake in BlackRock Debt Strategies Fund during the 3rd quarter worth about $5,081,000. Jane Street Group LLC purchased a new stake in BlackRock Debt Strategies Fund during the third quarter valued at about $170,000. Elevated Capital Advisors LLC boosted its holdings in shares of BlackRock Debt Strategies Fund by 0.8% in the fourth quarter. Elevated Capital Advisors LLC now owns 444,027 shares of the financial services provider’s stock worth $4,778,000 after buying an additional 3,439 shares during the period. Finally, SeaCrest Wealth Management LLC increased its position in shares of BlackRock Debt Strategies Fund by 30.5% in the fourth quarter. SeaCrest Wealth Management LLC now owns 15,399 shares of the financial services provider’s stock worth $166,000 after acquiring an additional 3,599 shares in the last quarter. Institutional investors 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.