BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Stock Short Interest Falls 87.3%

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) saw a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 23,877 shares, a decrease of 87.3% from the October 15th total of 187,520 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 430,158 shares, the short-interest ratio is presently 0.1 days.

BlackRock Debt Strategies Fund Trading Up 0.2%

DSU traded up $0.01 on Wednesday, reaching $8.77. The company had a trading volume of 107,669 shares, compared to its average volume of 320,785. The business has a 50 day simple moving average of $8.90 and a 200 day simple moving average of $9.54. BlackRock Debt Strategies Fund has a 52-week low of $8.42 and a 52-week high of $10.40.

BlackRock Debt Strategies Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Friday, December 11th will be issued a $0.0987 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 13.5%.

Institutional Trading of BlackRock Debt Strategies Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its holdings in shares of BlackRock Debt Strategies Fund by 4.5% during the 1st quarter. NewEdge Advisors LLC now owns 88,428 shares of the financial services provider’s stock worth $848,000 after acquiring an additional 3,787 shares during the last quarter. Shaker Financial Services LLC bought a new position in BlackRock Debt Strategies Fund in the third quarter valued at $199,000. PMG Family Office LLC raised its position in BlackRock Debt Strategies Fund by 4.1% during the third quarter. PMG Family Office LLC now owns 174,981 shares of the financial services provider’s stock valued at $1,575,000 after purchasing an additional 6,835 shares in the last quarter. Cyndeo Wealth Partners LLC purchased a new stake in BlackRock Debt Strategies Fund during the third quarter valued at about $135,000. Finally, Smith Asset Management Co. LLC raised its position in BlackRock Debt Strategies Fund by 1.2% during the third quarter. Smith Asset Management Co. LLC now owns 196,494 shares of the financial services provider’s stock valued at $1,768,000 after purchasing an additional 2,372 shares in the last quarter. Hedge funds and other institutional investors own 24.29% of the company’s stock.

BlackRock Debt Strategies Fund Company Profile

BlackRock Debt Strategies Fund is a closed-end investment fund managed by BlackRock. It seeks to provide a high level of current income, with capital appreciation as a secondary objective. The fund invests primarily in below-investment-grade debt, including senior secured loans and other floating-rate debt securities. Its portfolio may also include high-yield bonds and other debt instruments, with investments selected and managed to pursue the fund’s income objective. The fund’s investments are focused primarily on U.S. borrowers, though it may invest in debt issued by companies in other countries.