BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Short Interest Up 51.3% in September

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 755,500 shares, an increase of 51.3% from the September 15th total of 499,500 shares. Based on an average daily volume of 303,300 shares, the days-to-cover ratio is presently 2.5 days. Based on an average daily volume of 303,300 shares, the days-to-cover ratio is presently 2.5 days.

BlackRock Debt Strategies Fund Price Performance

DSU stock opened at $10.27 on Thursday. The firm has a fifty day moving average price of $10.50 and a 200 day moving average price of $10.41. BlackRock Debt Strategies Fund has a fifty-two week low of $8.72 and a fifty-two week high of $11.02.

BlackRock Debt Strategies Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be issued a $0.0987 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.5%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC boosted its stake in BlackRock Debt Strategies Fund by 93.7% during the third quarter. Global Retirement Partners LLC now owns 3,724 shares of the financial services provider’s stock worth $40,000 after buying an additional 1,801 shares during the period. Oliver Lagore Vanvalin Investment Group purchased a new position in BlackRock Debt Strategies Fund during the second quarter worth $42,000. Cape Investment Advisory Inc. boosted its stake in BlackRock Debt Strategies Fund by 69.7% during the first quarter. Cape Investment Advisory Inc. now owns 5,600 shares of the financial services provider’s stock worth $58,000 after buying an additional 2,300 shares during the period. MTM Investment Management LLC purchased a new position in BlackRock Debt Strategies Fund during the second quarter worth $63,000. Finally, Darwin Wealth Management LLC purchased a new position in BlackRock Debt Strategies Fund during the second quarter worth $103,000. 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.