BlackRock Debt Strategies Fund (NYSE:DSU) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $10.84 and traded as low as $10.77. BlackRock Debt Strategies Fund shares last traded at $10.82, with a volume of 202,300 shares traded.

BlackRock Debt Strategies Fund Stock Down 0.4 %

The company’s 50 day simple moving average is $10.84 and its two-hundred day simple moving average is $10.88.

BlackRock Debt Strategies Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a $0.0987 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 10.95%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Darwin Wealth Management LLC purchased a new stake in shares of BlackRock Debt Strategies Fund during the third quarter worth about $103,000. Private Advisor Group LLC purchased a new stake in shares of BlackRock Debt Strategies Fund during the third quarter valued at $111,000. SeaCrest Wealth Management LLC increased its position in shares of BlackRock Debt Strategies Fund by 15.8% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 11,800 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 1,608 shares during the period. Worth Asset Management LLC purchased a new position in BlackRock Debt Strategies Fund in the 3rd quarter worth $151,000. Finally, Jane Street Group LLC acquired a new stake in BlackRock Debt Strategies Fund during the 3rd quarter worth about $170,000. 24.29% of the stock is owned by institutional investors and hedge funds.

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.