BlackRock Debt Strategies Fund (NYSE:DSU) Stock Price Crosses Below 50-Day Moving Average - Should You Sell?

Key Points

• DSU crossed below its 50-day moving average, trading as low as $9.35 and last at $9.3550 versus a 50-day MA of $9.95 and a 200-day MA of $10.20, down about 1.6% on the session.
• $0.0987 monthly dividend was declared (record date June 15, payable June 30, ex-dividend June 15), which the report cites as implying a 12.7% yield.
• BlackRock-managed interval closed-end fund focused on multi-sector global fixed income, with institutional investors owning about 24.29% of the shares and several advisers recently increasing small stakes.

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $9.95 and traded as low as $9.35. BlackRock Debt Strategies Fund shares last traded at $9.3550, with a volume of 365,077 shares trading hands.

BlackRock Debt Strategies Fund Trading Down 1.6%

The stock's fifty day moving average is $9.95 and its 200 day moving average is $10.20.

BlackRock Debt Strategies Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.0987 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Trading of BlackRock Debt Strategies Fund

A number of institutional investors and hedge funds have recently modified their holdings of DSU. CoreCap Advisors LLC bought a new stake in BlackRock Debt Strategies Fund in the 4th quarter worth approximately $29,000. IFP Advisors Inc increased its stake in shares of BlackRock Debt Strategies Fund by 352.7% in the third quarter. IFP Advisors Inc now owns 3,033 shares of the financial services provider's stock worth $32,000 after purchasing an additional 2,363 shares in the last quarter. Global Retirement Partners LLC raised its holdings in BlackRock Debt Strategies Fund by 93.7% during the third quarter. Global Retirement Partners LLC now owns 3,724 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 1,801 shares during the period. Ameritas Advisory Services LLC lifted its holdings in BlackRock Debt Strategies Fund by 188.8% in the 3rd quarter. Ameritas Advisory Services LLC now owns 9,652 shares of the financial services provider's stock worth $103,000 after purchasing an additional 6,310 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new position in shares of BlackRock Debt Strategies Fund during the second quarter worth $103,000. Institutional investors own 24.29% of the company's stock.

About BlackRock Debt Strategies Fund

BlackRock Debt Strategies Fund, Inc NYSE: DSU is a diversified, closed-end management investment company designed to provide investors with a combination of current income and capital preservation. Managed by BlackRock Fund Advisors, the fund employs a multi-sector, global fixed-income strategy that seeks to deliver attractive risk-adjusted returns through a portfolio of debt instruments. As an interval fund, DSU offers quarterly liquidity to shareholders who wish to redeem shares at specified intervals.

The fund’s investment approach centers on allocation across various credit sectors, including high-yield corporate bonds, emerging markets debt, bank loans and securitized products.

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