During December, the amount of short interest at BlackRock Debt Strategies Fund, Inc. experienced a significant decrease (NYSE: DSU). There was a total short interest of 70,000 shares as of the 15th of December, which decreased 19.9% from 87,400 shares as of the 30th of November when there was a total short interest. Based on an average daily trading volume of 148,200 shares of the security, the short-interest ratio is currently at 0.5 days. This is the same as saying the ratio is half a day.
The price of a share of BlackRock Debt Strategies Fund dropped by $0.08 during the trading session that took place on Friday, bringing the price to $9.20. The typical trading volume of the company’s stock is 155,245 shares, so the 322,943 shares that changed hands were significantly higher than that. The moving averages for the company over the past 50 days come in at $9.40, and over the last 200 days, they come in at $9.38. Over the previous twelve months, the price of an investment in the BlackRock Debt Strategies Fund fluctuated between $8.77 and $12.07 at various points.
In the most recent few months, several significant investors have changed the stakes they currently hold in DSU. The amount of money that Bramshill Investments LLC has invested in the BlackRock Debt Strategies Fund grew by 102.9% over the second quarter. After acquiring an additional 571,996 shares during the most recent fiscal quarter, Bramshill Investments LLC now holds 1,127,607 shares held by the financial services provider. The value of these shares on the market as of right now is $10,306,000. Brand new investment in the BlackRock Debt Strategies Fund for $4,787,000 was made during the third quarter by Elevated Capital Advisors LLCBramshill Investments LLC has invested in the BlackRock Debt Strategies Fund grew by 102.9% over the second quarter. After acquiring an additional 571,996 shares during the most recent fiscal quarter, Bramshill Investments LLC now holds 1,127,607 shares held by the financial services provider. The value of these shares on the market as of right now is $10,306,000. A brand new investment in the BlackRock Debt Strategies Fund for $4,787,000 was made during the third quarter by Elevated Capital Advisors LLC. Guggenheim Capital LLC has increased its holdings in the BlackRock Debt Strategies Fund by a total of 65.5% over the first three months of the year. Guggenheim Capital LLC’s holdings in the financial services provider’s stock have increased to 1,085,218 shares after the company made an additional purchase of 429,486 of those shares during the relevant period. The stock currently has a value of $11,308,000. A new investment of approximately $3,412,000 was made by the City of London Investment Management Co. Ltd. during the third quarter to acquire a new interest in the BlackRock Debt Strategies Fund.
In addition, Flynn Zito Capital Management LLC, not too long ago, announced that it would be paying a monthly dividend, and it did so on the 22nd of December. Again, the dividend was distributed to shareholders. Lastly, but certainly not least, during the second quarter of the fiscal year, the company purchased a new stake in the BlackRock Debt Strategies Fund for approximately $2,554,000. On the 15th of December, dividend payments of $0.0705 per share were distributed to shareholders on record when the dividend was declared. As of the 14th of December, it was considered that this dividend had been paid out in its entirety. This equates to a dividend payment of $0.85 annually and a dividend yield of 9.20 percent. Both of these figures can be found in the table below.
BlackRock Debt Strategies Fund, Inc. is a closed-end fixed-income mutual fund introduced by the company BlackRock, Inc. The fund was named BlackRock Debt Strategies Fund, Inc. BlackRock Advisors, LLC, handles the organization’s management. It achieves this goal through investments made in the fixed-income markets of the United States. Most of the fund’s resources are invested in a diversified portfolio of different corporate debt instruments. These corporate debt instruments may include corporate loans with lower ratings from recognized rating agencies (BBB or lower from S&P or Baa or lower from Moody’s) and unrated debt instruments that the investment adviser considers equivalent quality. For example, S&P’s ratings may be BBB or lower, while Moody’s ratings may be Baa or lower.
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