BlackRock Debt Strategies Fund (NYSE:DSU) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.46 and traded as low as $10.30. BlackRock Debt Strategies Fund shares last traded at $10.3450, with a volume of 236,583 shares changing hands.

BlackRock Debt Strategies Fund Trading Up 0.1%

The firm has a 50-day simple moving average of $10.46 and a 200-day simple moving average of $10.46.

BlackRock Debt Strategies Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th were given a $0.0987 dividend. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.5%.

Institutional Trading of BlackRock Debt Strategies Fund

A number of institutional investors have recently made changes to their positions in DSU. Global Retirement Partners LLC boosted its position in shares of BlackRock Debt Strategies Fund by 93.7% in the 3rd quarter. Global Retirement Partners LLC now owns 3,724 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 1,801 shares in the last quarter. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of BlackRock Debt Strategies Fund in the 2nd quarter worth $42,000. Cape Investment Advisory Inc. boosted its position in shares of BlackRock Debt Strategies Fund by 69.7% in the 1st quarter. Cape Investment Advisory Inc. now owns 5,600 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 2,300 shares in the last quarter. MTM Investment Management LLC acquired a new stake in shares of BlackRock Debt Strategies Fund in the 2nd quarter worth $63,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of BlackRock Debt Strategies Fund in the 2nd quarter worth $103,000. Institutional investors and hedge funds own 24.29% of the company’s stock.

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.