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 in February. As of February 28th, there was short interest totalling 70,000 shares, a decline of 14.0% from the February 13th total of 81,400 shares. Based on an average daily trading volume, of 245,900 shares, the days-to-cover ratio is currently 0.3 days.

BlackRock Debt Strategies Fund Price Performance

BlackRock Debt Strategies Fund stock traded down $0.03 during midday trading on Thursday, hitting $10.48. 75,381 shares of the company’s stock were exchanged, compared to its average volume of 191,492. BlackRock Debt Strategies Fund has a 52-week low of $10.11 and a 52-week high of $11.20. The stock has a 50-day moving average price of $10.69 and a two-hundred day moving average price of $10.82.

BlackRock Debt Strategies Fund Announces Dividend

The firm also recently announced 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. This represents a $1.18 annualized dividend and a yield of 11.31%. The ex-dividend date of this dividend is Friday, March 14th.

Hedge Funds Weigh In On BlackRock Debt Strategies Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Steel Grove Capital Advisors LLC purchased a new position in shares of BlackRock Debt Strategies Fund in the 4th quarter worth about $62,000. Darwin Wealth Management LLC purchased a new position in shares of BlackRock Debt Strategies Fund in the 3rd quarter worth about $103,000. Ameritas Advisory Services LLC purchased a new position in shares of BlackRock Debt Strategies Fund in the 4th quarter worth about $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 4th quarter worth about $116,000. Finally, StoneX Group Inc. purchased a new position in shares of BlackRock Debt Strategies Fund in the 4th quarter worth about $139,000. 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.