BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Short Interest Update

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 252,400 shares, an increase of 55.6% from the December 15th total of 162,200 shares. Based on an average daily trading volume, of 201,400 shares, the short-interest ratio is presently 1.3 days.

BlackRock Debt Strategies Fund Stock Performance

Shares of NYSE DSU traded down $0.01 during mid-day trading on Friday, hitting $10.69. 291,031 shares of the stock were exchanged, compared to its average volume of 236,186. BlackRock Debt Strategies Fund has a twelve month low of $10.11 and a twelve month high of $11.40. The stock’s fifty day simple moving average is $10.82 and its two-hundred day simple moving average is $10.88.

BlackRock Debt Strategies Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a dividend of $0.0987 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.18 dividend on an annualized basis and a yield of 11.09%.

Hedge Funds Weigh In On BlackRock Debt Strategies Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Darwin Wealth Management LLC bought a new position in shares of BlackRock Debt Strategies Fund in the third quarter valued at about $103,000. Ameritas Advisory Services LLC acquired a new stake in BlackRock Debt Strategies Fund in the 4th quarter valued at about $109,000. Private Advisor Group LLC bought a new position in shares of BlackRock Debt Strategies Fund in the third quarter worth about $111,000. SeaCrest Wealth Management LLC lifted its position in shares of BlackRock Debt Strategies Fund by 15.8% during the third quarter. SeaCrest Wealth Management LLC now owns 11,800 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 1,608 shares in the last quarter. Finally, Worth Asset Management LLC bought a new stake in shares of BlackRock Debt Strategies Fund during the third quarter valued at approximately $151,000. Institutional investors and hedge funds 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.