BlackRock Debt Strategies Fund, Inc. (NYSE:DSU – Get Rating) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 70,000 shares, a decline of 19.9% from the November 30th total of 87,400 shares. Based on an average daily trading volume, of 148,200 shares, the short-interest ratio is currently 0.5 days.
Hedge Funds Weigh In On BlackRock Debt Strategies Fund
A number of large investors have recently made changes to their positions in DSU. Bramshill Investments LLC boosted its stake in shares of BlackRock Debt Strategies Fund by 102.9% during the 2nd quarter. Bramshill Investments LLC now owns 1,127,607 shares of the financial services provider’s stock worth $10,306,000 after purchasing an additional 571,996 shares during the period. Elevated Capital Advisors LLC purchased a new position in shares of BlackRock Debt Strategies Fund during the 3rd quarter worth about $4,787,000. Guggenheim Capital LLC boosted its position in BlackRock Debt Strategies Fund by 65.5% in the 1st quarter. Guggenheim Capital LLC now owns 1,085,218 shares of the financial services provider’s stock valued at $11,308,000 after buying an additional 429,486 shares during the period. City of London Investment Management Co. Ltd. purchased a new stake in BlackRock Debt Strategies Fund in the 3rd quarter valued at about $3,412,000. Finally, Flynn Zito Capital Management LLC purchased a new stake in BlackRock Debt Strategies Fund in the 2nd quarter valued at about $2,554,000.
BlackRock Debt Strategies Fund Stock Performance
Shares of BlackRock Debt Strategies Fund stock traded down $0.08 during trading hours on Friday, reaching $9.20. The company’s stock had a trading volume of 322,943 shares, compared to its average volume of 155,245. The firm has a 50 day moving average price of $9.40 and a 200-day moving average price of $9.38. BlackRock Debt Strategies Fund has a one year low of $8.77 and a one year high of $12.07.
BlackRock Debt Strategies Fund Announces Dividend
The firm also recently announced a monthly dividend, which was paid on Thursday, December 22nd. Stockholders of record on Thursday, December 15th were issued a $0.0705 dividend. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 9.20%.
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.
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