BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Short Interest Up 45.7% in March

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 102,000 shares, a growth of 45.7% from the February 28th total of 70,000 shares. Based on an average trading volume of 241,900 shares, the short-interest ratio is currently 0.4 days.

BlackRock Debt Strategies Fund Price Performance

DSU stock traded down $0.03 during trading on Tuesday, hitting $10.42. 199,650 shares of the company’s stock were exchanged, compared to its average volume of 193,793. The business has a 50-day moving average price of $10.64 and a two-hundred day moving average price of $10.80. BlackRock Debt Strategies Fund has a 52-week low of $10.11 and a 52-week high of $11.19.

BlackRock Debt Strategies Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.0987 per share. The ex-dividend date was Friday, March 14th. This represents a $1.18 annualized dividend and a dividend yield of 11.38%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DSU. Jane Street Group LLC acquired a new position in BlackRock Debt Strategies Fund in the third quarter valued at $170,000. Elevated Capital Advisors LLC boosted its position in shares of BlackRock Debt Strategies Fund by 0.8% in the 4th quarter. Elevated Capital Advisors LLC now owns 444,027 shares of the financial services provider’s stock valued at $4,778,000 after purchasing an additional 3,439 shares during the period. SeaCrest Wealth Management LLC grew its stake in BlackRock Debt Strategies Fund by 30.5% during the 4th quarter. SeaCrest Wealth Management LLC now owns 15,399 shares of the financial services provider’s stock worth $166,000 after buying an additional 3,599 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in BlackRock Debt Strategies Fund during the 4th quarter worth approximately $194,000. Finally, Ameritas Advisory Services LLC acquired a new position in BlackRock Debt Strategies Fund during the fourth quarter worth approximately $109,000. 24.29% of the stock is owned by hedge funds and other institutional investors.

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.