BlackRock Debt Strategies Fund (NYSE:DSU) Share Price Passes Below 50-Day Moving Average – Should You Sell?

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.84 and traded as low as $10.77. BlackRock Debt Strategies Fund shares last traded at $10.82, with a volume of 202,300 shares traded.

BlackRock Debt Strategies Fund Trading Down 0.4 %

The business has a fifty day simple moving average of $10.83 and a 200 day simple moving average of $10.88.

BlackRock Debt Strategies Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.0987 per share. This represents a $1.18 annualized dividend and a dividend yield of 10.95%. The ex-dividend date of this dividend is Wednesday, January 15th.

Hedge Funds Weigh In On BlackRock Debt Strategies Fund

A number of large investors have recently bought and sold shares of the stock. Darwin Wealth Management LLC purchased a new position in shares of BlackRock Debt Strategies Fund in the 3rd quarter worth $103,000. Private Advisor Group LLC acquired a new stake in BlackRock Debt Strategies Fund during the third quarter worth about $111,000. SeaCrest Wealth Management LLC raised 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 purchasing an additional 1,608 shares during the period. Worth Asset Management LLC acquired a new position in BlackRock Debt Strategies Fund during the third quarter valued at approximately $151,000. Finally, Jane Street Group LLC purchased a new stake in BlackRock Debt Strategies Fund during the third quarter worth approximately $170,000. Hedge funds and other institutional investors 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.