BlackRock Debt Strategies Fund, Inc. (NYSE: DSU) Brief Interest Update
BlackRock Debt Strategies Fund, Inc. (NYSE: DSU) was the target of strong short-term interest growth in December. As of December 31, there were short interests totaling 728,100 shares, a growth of 98.0% from the total of 367,700 shares as of December 15. Based on an average trading volume of 125,200 shares, the day-to-cover ratio is currently 5.8 days.
The DSU traded down $0.16 on Friday, reaching $11.51. The company had a trading volume of 184,774 shares, compared to an average volume of 175,384. BlackRock Debt Strategies Fund has a fifty-two-week low of $10.52 and a fifty-two-week high of $12.50. weeks. The company’s fifty-day moving average is $11.72 and its 200-day moving average is $11.53.
The company also recently announced a monthly dividend, which was paid on Tuesday, January 11. Shareholders of record on Friday, December 31 received a dividend of $0.0605. This represents a dividend of $0.73 on an annualized basis and a dividend yield of 6.31%. The ex-dividend date was Thursday, December 30.
A number of institutional investors have recently changed their positions in the stock. Elevated Capital Advisors LLC purchased a new stake in shares of BlackRock Debt Strategies Fund during Q3, valued at approximately $4,502,000. Penserra Capital Management LLC increased its holdings in BlackRock Debt Strategies Fund by 29.0% in Q2. Penserra Capital Management LLC now owns 970,496 shares of the financial services provider worth $11,112,000 after acquiring an additional 218,219 shares last quarter. Morgan Stanley increased its holdings in BlackRock Debt Strategies Fund by 3.1% in Q3. Morgan Stanley now owns 3,189,350 shares of the financial services provider worth $36,805,000 after acquiring 95,425 additional shares last quarter. Bramshill Investments LLC increased its holdings in BlackRock Debt Strategies Fund by 6.5% in Q2. Bramshill Investments LLC now owns 1,291,867 shares of the financial services provider worth $14,791,000 after acquiring an additional 78,678 shares last quarter. Finally, Stifel Financial Corp increased its holdings in BlackRock Debt Strategies Fund by 97.6% during the second quarter. Stifel Financial Corp now owns 109,201 shares of the financial services provider valued at $1,250,000 after buying an additional 53,931 shares last quarter. Institutional investors hold 23.17% of the company’s shares.
About BlackRock Debt Strategies Fund
BlackRock Debt Strategies Fund, Inc is a closed-end, fixed-income mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. It invests in US bond markets. The fund invests primarily in a diversified portfolio of corporate debt securities, including corporate loans, which are rated in the lower rating categories of established rating services (BBB or lower by S&P or Baa or lower by Moody’s) or unrated debt securities, which are, in the opinion of the investment adviser, of equivalent quality.
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