Short Interest in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Grows By 8.5%

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totalling 214,600 shares, an increase of 8.5% from the May 31st total of 197,700 shares. Based on an average daily volume of 145,900 shares, the short-interest ratio is presently 1.5 days.

BlackRock Debt Strategies Fund Trading Up 0.2 %

Shares of BlackRock Debt Strategies Fund stock traded up $0.02 during trading on Tuesday, reaching $10.90. 71,005 shares of the stock traded hands, compared to its average volume of 146,330. The business has a fifty day simple moving average of $10.89 and a two-hundred day simple moving average of $10.91. BlackRock Debt Strategies Fund has a 52-week low of $9.75 and a 52-week high of $11.40.

BlackRock Debt Strategies Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.0987 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.18 annualized dividend and a yield of 10.87%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strategic Wealth Partners Ltd. grew its position in BlackRock Debt Strategies Fund by 4.5% in the first quarter. Strategic Wealth Partners Ltd. now owns 152,411 shares of the financial services provider’s stock worth $1,686,000 after acquiring an additional 6,526 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in BlackRock Debt Strategies Fund by 22.6% in the first quarter. Avantax Advisory Services Inc. now owns 29,859 shares of the financial services provider’s stock worth $330,000 after purchasing an additional 5,497 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in BlackRock Debt Strategies Fund by 11.4% in the first quarter. Atomi Financial Group Inc. now owns 27,786 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 2,833 shares during the last quarter. Moloney Securities Asset Management LLC lifted its stake in BlackRock Debt Strategies Fund by 14.5% in the first quarter. Moloney Securities Asset Management LLC now owns 58,244 shares of the financial services provider’s stock worth $644,000 after purchasing an additional 7,369 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in BlackRock Debt Strategies Fund by 4.3% in the first quarter. Janney Montgomery Scott LLC now owns 47,198 shares of the financial services provider’s stock worth $522,000 after purchasing an additional 1,938 shares during the last quarter. Hedge funds and other institutional investors own 24.29% of the company’s stock.

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.