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

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) saw a large decrease in short interest in February. As of February 28th, there was short interest totalling 70,000 shares, a decrease of 14.0% from the February 13th total of 81,400 shares. Based on an average daily volume of 245,900 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On BlackRock Debt Strategies Fund

A number of hedge funds have recently made changes to their positions in the stock. Steel Grove Capital Advisors LLC purchased a new position in shares of BlackRock Debt Strategies Fund during the fourth quarter valued at approximately $62,000. Darwin Wealth Management LLC purchased a new position in shares of BlackRock Debt Strategies Fund in the third quarter valued at $103,000. Ameritas Advisory Services LLC purchased a new position in shares of BlackRock Debt Strategies Fund in the fourth quarter valued at $109,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of BlackRock Debt Strategies Fund in the fourth quarter valued at $116,000. Finally, StoneX Group Inc. purchased a new position in shares of BlackRock Debt Strategies Fund in the fourth quarter valued at $139,000. 24.29% of the stock is currently owned by institutional investors.

BlackRock Debt Strategies Fund Stock Performance

Shares of DSU traded down $0.03 during trading hours on Thursday, hitting $10.48. 75,381 shares of the company were exchanged, compared to its average volume of 191,492. BlackRock Debt Strategies Fund has a fifty-two week low of $10.11 and a fifty-two week high of $11.20. The firm’s fifty day moving average is $10.69 and its 200 day moving average is $10.82.

BlackRock Debt Strategies Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.0987 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.18 annualized dividend and a dividend yield of 11.31%.

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.