BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Short Interest Down 14.0% in February

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 70,000 shares, a decrease of 14.0% from the February 13th total of 81,400 shares. Based on an average daily volume of 245,900 shares, the days-to-cover ratio is currently 0.3 days.

BlackRock Debt Strategies Fund Trading Up 0.5 %

Shares of DSU traded up $0.06 during midday trading on Wednesday, hitting $10.49. The stock had a trading volume of 127,621 shares, compared to its average volume of 191,517. BlackRock Debt Strategies Fund has a 1 year low of $10.11 and a 1 year high of $11.20. The stock’s 50 day moving average is $10.69 and its 200 day moving average is $10.82.

BlackRock Debt Strategies Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.0987 dividend. This represents a $1.18 annualized dividend and a dividend yield of 11.30%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Investors Weigh In On BlackRock Debt Strategies Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Steel Grove Capital Advisors LLC purchased a new stake in shares of BlackRock Debt Strategies Fund in the fourth quarter valued at $62,000. Darwin Wealth Management LLC purchased a new stake in shares of BlackRock Debt Strategies Fund in the third quarter valued at $103,000. Ameritas Advisory Services LLC purchased a new stake in shares of BlackRock Debt Strategies Fund in the fourth quarter valued at $109,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of BlackRock Debt Strategies Fund in the fourth quarter valued at $116,000. Finally, StoneX Group Inc. bought a new position in shares of BlackRock Debt Strategies Fund in the fourth quarter worth about $139,000. 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.