BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Short Interest Update

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) was the target of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 122,400 shares, a decline of 29.4% from the November 15th total of 173,400 shares. Based on an average daily volume of 197,500 shares, the days-to-cover ratio is presently 0.6 days.

BlackRock Debt Strategies Fund Stock Performance

Shares of DSU stock traded up $0.10 during trading on Friday, hitting $10.93. The company’s stock had a trading volume of 244,827 shares, compared to its average volume of 168,033. The business has a fifty day moving average of $10.88 and a 200-day moving average of $10.90. BlackRock Debt Strategies Fund has a 52 week low of $10.11 and a 52 week high of $11.40.

BlackRock Debt Strategies Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 16th will be paid a $0.0987 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.18 dividend on an annualized basis and a yield of 10.84%.

Institutional Investors Weigh In On BlackRock Debt Strategies Fund

Several large investors have recently made changes to their positions in the business. SeaCrest Wealth Management LLC boosted its holdings in shares of BlackRock Debt Strategies Fund by 15.8% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 11,800 shares of the financial services provider’s stock worth $130,000 after buying an additional 1,608 shares during the last quarter. Elevated Capital Advisors LLC boosted its stake in BlackRock Debt Strategies Fund by 0.4% in the second quarter. Elevated Capital Advisors LLC now owns 443,818 shares of the financial services provider’s stock valued at $4,811,000 after acquiring an additional 1,796 shares during the last quarter. Atomi Financial Group Inc. grew its position in shares of BlackRock Debt Strategies Fund by 13.5% during the 3rd quarter. Atomi Financial Group Inc. now owns 38,036 shares of the financial services provider’s stock valued at $420,000 after acquiring an additional 4,521 shares during the period. Moloney Securities Asset Management LLC grew its position in shares of BlackRock Debt Strategies Fund by 8.9% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 86,930 shares of the financial services provider’s stock valued at $959,000 after acquiring an additional 7,072 shares during the period. Finally, Strategic Wealth Partners Ltd. increased its stake in shares of BlackRock Debt Strategies Fund by 4.7% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 159,611 shares of the financial services provider’s stock worth $1,761,000 after purchasing an additional 7,200 shares during the last quarter. 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.