BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Short Interest Up 105.7% in September

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 295,400 shares, an increase of 105.7% from the August 31st total of 143,600 shares. Based on an average daily volume of 187,100 shares, the short-interest ratio is currently 1.6 days.

BlackRock Debt Strategies Fund Price Performance

Shares of NYSE:DSU traded up $0.08 during midday trading on Friday, reaching $11.05. The company’s stock had a trading volume of 206,963 shares, compared to its average volume of 160,692. BlackRock Debt Strategies Fund has a 1 year low of $9.75 and a 1 year high of $11.40. The business has a 50 day moving average price of $10.90 and a 200 day moving average price of $10.90.

BlackRock Debt Strategies Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a $0.0987 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 10.72%. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Investors Weigh In On BlackRock Debt Strategies Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in DSU. Register Financial Advisors LLC purchased a new stake in BlackRock Debt Strategies Fund during the second quarter valued at about $68,000. Creekmur Asset Management LLC purchased a new stake in BlackRock Debt Strategies Fund during the fourth quarter valued at about $86,000. Aristides Capital LLC purchased a new stake in BlackRock Debt Strategies Fund during the fourth quarter valued at about $151,000. Shaker Financial Services LLC purchased a new stake in BlackRock Debt Strategies Fund during the second quarter valued at about $300,000. Finally, Atomi Financial Group Inc. grew its position in BlackRock Debt Strategies Fund by 11.4% during the first quarter. Atomi Financial Group Inc. now owns 27,786 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 2,833 shares during the period. 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.