BlackRock Debt Strategies Fund (NYSE:DSU) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.78 and traded as high as $9.84. BlackRock Debt Strategies Fund shares last traded at $9.8050, with a volume of 429,910 shares trading hands.

BlackRock Debt Strategies Fund Trading Up 0.1%

The firm’s 50-day moving average price is $9.78 and its two-hundred day moving average price is $10.04.

BlackRock Debt Strategies Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.0987 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 12.1%.

Hedge Funds Weigh In On BlackRock Debt Strategies Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DSU. Penserra Capital Management LLC acquired a new position in shares of BlackRock Debt Strategies Fund during the third quarter worth approximately $6,822,000. Greenup Street Wealth Management LLC acquired a new stake in shares of BlackRock Debt Strategies Fund in the fourth quarter valued at approximately $2,770,000. NewEdge Wealth LLC acquired a new stake in shares of BlackRock Debt Strategies Fund in the third quarter valued at approximately $1,962,000. Ausdal Financial Partners Inc. acquired a new stake in shares of BlackRock Debt Strategies Fund in the third quarter valued at approximately $1,212,000. Finally, PMG Family Office LLC acquired a new stake in shares of BlackRock Debt Strategies Fund in the third quarter valued at approximately $1,133,000. 24.29% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Debt Strategies Fund Company Profile

BlackRock Debt Strategies Fund, Inc (NYSE: DSU) is a diversified, closed-end management investment company designed to provide investors with a combination of current income and capital preservation. Managed by BlackRock Fund Advisors, the fund employs a multi-sector, global fixed-income strategy that seeks to deliver attractive risk-adjusted returns through a portfolio of debt instruments. As an interval fund, DSU offers quarterly liquidity to shareholders who wish to redeem shares at specified intervals.

The fund’s investment approach centers on allocation across various credit sectors, including high-yield corporate bonds, emerging markets debt, bank loans and securitized products.