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

Key Points

• The BlackRock Debt Strategies Fund (NYSE:DSU) stock has recently crossed below its 50-day moving average of $10.51, prompting questions about its investment viability.
• The fund announced a monthly dividend of $0.0987 per share, reflecting an annualized yield of 11.2% for shareholders of record on July 15th.
• A variety of institutional investors have recently increased their holdings in BlackRock Debt Strategies Fund, indicating growing interest despite its recent stock performance.

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - ) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $10.51 and traded as low as $10.51. BlackRock Debt Strategies Fund shares last traded at $10.56, with a volume of 300,462 shares traded.

BlackRock Debt Strategies Fund Stock Performance

The firm's 50 day simple moving average is $10.51 and its 200 day simple moving average is $10.46.

BlackRock Debt Strategies Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 15th were given a dividend of $0.0987 per share. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date was Tuesday, July 15th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Oliver Lagore Vanvalin Investment Group purchased a new position in BlackRock Debt Strategies Fund during the 2nd quarter valued at about $42,000. Cape Investment Advisory Inc. raised its holdings in BlackRock Debt Strategies Fund by 69.7% in the first 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. Steel Grove Capital Advisors LLC purchased a new stake in BlackRock Debt Strategies Fund in the fourth quarter valued at about $62,000. Astoria Portfolio Advisors LLC. purchased a new stake in BlackRock Debt Strategies Fund in the first quarter valued at about $119,000. Finally, Ameritas Advisory Services LLC boosted its stake in BlackRock Debt Strategies Fund by 9.9% in the 1st quarter. Ameritas Advisory Services LLC now owns 11,127 shares of the financial services provider's stock worth $119,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors 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.

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