BlackRock Debt Strategies Fund (NYSE:DSU) Stock Passes Above 50 Day Moving Average of $10.92

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $10.92 and traded as high as $11.02. BlackRock Debt Strategies Fund shares last traded at $10.84, with a volume of 193,052 shares traded.

BlackRock Debt Strategies Fund Stock Down 1.7 %

The firm has a fifty day moving average price of $10.92 and a 200 day moving average price of $10.94.

BlackRock Debt Strategies Fund Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.0987 per share. The ex-dividend date of this dividend is Thursday, August 15th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Spire Wealth Management lifted its stake in shares of BlackRock Debt Strategies Fund by 137.0% in the 1st quarter. Spire Wealth Management now owns 3,041 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 1,758 shares during the period. International Assets Investment Management LLC bought a new position in BlackRock Debt Strategies Fund during the 4th quarter worth about $792,000. Sowell Financial Services LLC increased its holdings in BlackRock Debt Strategies Fund by 3.5% during the 4th quarter. Sowell Financial Services LLC now owns 40,911 shares of the financial services provider’s stock worth $441,000 after purchasing an additional 1,400 shares in the last quarter. Moloney Securities Asset Management LLC grew its holdings in shares of BlackRock Debt Strategies Fund by 14.5% in the 1st quarter. Moloney Securities Asset Management LLC now owns 58,244 shares of the financial services provider’s stock valued at $644,000 after acquiring an additional 7,369 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in shares of BlackRock Debt Strategies Fund by 14.9% in the 4th quarter. Raymond James & Associates now owns 21,411 shares of the financial services provider’s stock valued at $231,000 after acquiring an additional 2,773 shares in the last quarter. Institutional investors and hedge funds 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.