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

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 214,600 shares, an increase of 8.5% from the May 31st total of 197,700 shares. Based on an average daily trading volume, of 145,900 shares, the days-to-cover ratio is currently 1.5 days.

BlackRock Debt Strategies Fund Stock Performance

Shares of DSU stock opened at $10.90 on Thursday. BlackRock Debt Strategies Fund has a twelve month low of $9.75 and a twelve month high of $11.40. The business has a fifty day simple moving average of $10.90 and a 200 day simple moving average of $10.91.

BlackRock Debt Strategies Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 15th will be given a dividend of $0.0987 per share. The ex-dividend date of this dividend is Monday, July 15th. This represents a $1.18 annualized dividend and a dividend yield of 10.87%.

Institutional Trading of BlackRock Debt Strategies Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. increased its holdings in BlackRock Debt Strategies Fund by 0.4% in the 3rd quarter. Invesco Ltd. now owns 730,337 shares of the financial services provider’s stock worth $7,501,000 after purchasing an additional 3,151 shares in the last quarter. Elevated Capital Advisors LLC increased its holdings in BlackRock Debt Strategies Fund by 3.9% in the 1st quarter. Elevated Capital Advisors LLC now owns 442,022 shares of the financial services provider’s stock worth $4,889,000 after purchasing an additional 16,555 shares in the last quarter. LPL Financial LLC increased its holdings in BlackRock Debt Strategies Fund by 3.2% in the 3rd quarter. LPL Financial LLC now owns 380,085 shares of the financial services provider’s stock worth $3,903,000 after purchasing an additional 11,625 shares in the last quarter. GraniteShares Advisors LLC increased its holdings in BlackRock Debt Strategies Fund by 14.6% in the 1st quarter. GraniteShares Advisors LLC now owns 155,777 shares of the financial services provider’s stock worth $1,723,000 after purchasing an additional 19,824 shares in the last quarter. Finally, Strategic Wealth Partners Ltd. increased its holdings in BlackRock Debt Strategies Fund by 4.5% in the 1st quarter. Strategic Wealth Partners Ltd. now owns 152,411 shares of the financial services provider’s stock worth $1,686,000 after purchasing an additional 6,526 shares in the last quarter. 24.29% of the stock is currently owned by 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.