BlackRock Debt Strategies Fund (NYSE:DSU) Sees Unusually-High Trading Volume – Still a Buy?

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) shares saw an uptick in trading volume on Friday . 111,069 shares traded hands during mid-day trading, a decline of 33% from the previous session’s volume of 164,777 shares.The stock last traded at $10.81 and had previously closed at $10.86.

BlackRock Debt Strategies Fund Price Performance

The business has a 50 day moving average price of $10.95 and a 200-day moving average price of $10.91.

BlackRock Debt Strategies Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.0987 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.18 dividend on an annualized basis and a yield of 10.91%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Register Financial Advisors LLC bought a new stake in BlackRock Debt Strategies Fund during the second quarter worth $68,000. Darwin Wealth Management LLC purchased a new stake in shares of BlackRock Debt Strategies Fund during the 3rd quarter valued at $103,000. Private Advisor Group LLC bought a new stake in shares of BlackRock Debt Strategies Fund during the 3rd quarter worth $111,000. 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. Finally, Worth Asset Management LLC bought a new position in BlackRock Debt Strategies Fund during the third quarter valued at about $151,000. 24.29% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Debt Strategies Fund Company Profile

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.