BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Shares Shorted: Short Interest Down 43.3% in September

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 491,752 shares, a decrease of 43.3% from the September 15th total of 867,206 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 388,253 shares, the short-interest ratio is presently 1.3 days.

BlackRock Debt Strategies Fund Price Performance

Shares of BlackRock Debt Strategies Fund stock traded down $0.03 during trading on Friday, hitting $8.64. 333,954 shares of the stock traded hands, compared to its average volume of 311,080. BlackRock Debt Strategies Fund has a 52 week low of $8.57 and a 52 week high of $10.40. The firm’s fifty day moving average is $9.20 and its 200-day moving average is $9.53.

BlackRock Debt Strategies Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be given a dividend of $0.0987 per share. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.18 annualized dividend and a yield of 13.7%.

Institutional Trading of BlackRock Debt Strategies Fund

Several large investors have recently modified their holdings of the business. Cyndeo Wealth Partners LLC purchased a new position in shares of BlackRock Debt Strategies Fund in the 3rd quarter valued at approximately $135,000. Shaker Financial Services LLC purchased a new stake in BlackRock Debt Strategies Fund in the third quarter worth $199,000. RFG Advisory LLC purchased a new stake in BlackRock Debt Strategies Fund in the second quarter worth $180,000. Ameritas Advisory Services LLC purchased a new stake in BlackRock Debt Strategies Fund in the second quarter worth $109,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in BlackRock Debt Strategies Fund in the second quarter worth $98,000. 24.29% of the stock is owned by institutional investors.

BlackRock Debt Strategies Fund Company Profile

BlackRock Debt Strategies Fund, Inc is a closed-end investment company managed by BlackRock Advisors, LLC. The fund seeks to provide investors with a high level of current income while preserving capital through an actively managed portfolio of debt investments.

The fund invests primarily in senior secured, floating-rate loans made to corporate borrowers. Its portfolio may also include other corporate debt securities, including high-yield bonds and related credit instruments. These investments generally focus on companies in the United States and may span multiple industries and sectors.

BlackRock Debt Strategies Fund is part of BlackRock’s broader platform of closed-end funds and credit-oriented investment products.