BlackRock Debt Strategies Fund (NYSE:DSU) Stock Passes Below 50-Day Moving Average – Here’s What Happened

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.50 and traded as low as $10.23. BlackRock Debt Strategies Fund shares last traded at $10.27, with a volume of 148,468 shares trading hands.

BlackRock Debt Strategies Fund Stock Up 0.6%

The firm has a 50 day moving average of $10.50 and a two-hundred day moving average of $10.41.

BlackRock Debt Strategies Fund Dividend Announcement

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

Institutional Investors Weigh In On BlackRock Debt Strategies Fund

A number of large investors have recently bought and sold shares of the stock. Global Retirement Partners LLC grew its holdings in BlackRock Debt Strategies Fund by 93.7% during the 3rd quarter. Global Retirement Partners LLC now owns 3,724 shares of the financial services provider’s stock valued at $40,000 after buying an additional 1,801 shares during the last quarter. GraniteShares Advisors LLC grew its holdings in BlackRock Debt Strategies Fund by 9.7% during the 3rd quarter. GraniteShares Advisors LLC now owns 285,507 shares of the financial services provider’s stock valued at $3,032,000 after buying an additional 25,143 shares during the last quarter. World Investment Advisors acquired a new stake in BlackRock Debt Strategies Fund during the 3rd quarter valued at $197,000. Signal Advisors Wealth LLC acquired a new stake in shares of BlackRock Debt Strategies Fund during the third quarter worth $165,000. Finally, Osaic Holdings Inc. boosted its holdings in shares of BlackRock Debt Strategies Fund by 29.4% during the second quarter. Osaic Holdings Inc. now owns 92,249 shares of the financial services provider’s stock worth $974,000 after purchasing an additional 20,940 shares during the last quarter. Institutional investors and hedge funds own 24.29% of the company’s stock.

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.