BlackRock Debt Strategies Fund, Inc. (NYSE:DSU - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $9.78 and traded as high as $9.96. BlackRock Debt Strategies Fund shares last traded at $9.9050, with a volume of 202,563 shares.
BlackRock Debt Strategies Fund Stock Performance
The firm has a 50 day moving average of $9.78 and a 200 day moving average of $10.06.
BlackRock Debt Strategies Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.0987 dividend. This represents a c) dividend on an annualized basis and a yield of 12.0%. The ex-dividend date is Monday, June 15th.
Institutional Investors Weigh In On BlackRock Debt Strategies Fund
A number of large investors have recently bought and sold shares of DSU. Penserra Capital Management LLC acquired a new stake in BlackRock Debt Strategies Fund in the third quarter valued at approximately $6,822,000. NewEdge Wealth LLC acquired a new stake in BlackRock Debt Strategies Fund in the third quarter valued at approximately $1,962,000. Greenup Street Wealth Management LLC acquired a new position in shares of BlackRock Debt Strategies Fund during the fourth quarter valued at about $2,770,000. PMG Family Office LLC acquired a new position in shares of BlackRock Debt Strategies Fund during the third quarter valued at about $1,133,000. Finally, Ausdal Financial Partners Inc. acquired a new position in shares of BlackRock Debt Strategies Fund during the third quarter valued at about $1,212,000. 24.29% of the stock is currently owned by institutional investors and hedge funds.
BlackRock Debt Strategies Fund Company Profile
(
Get Free Report)
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.
Further Reading
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