BlackRock Debt Strategies Fund (NYSE:DSU) Shares Cross Above Fifty Day Moving Average – Should You Sell?

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.84 and traded as high as $10.91. BlackRock Debt Strategies Fund shares last traded at $10.86, with a volume of 132,453 shares trading hands.

BlackRock Debt Strategies Fund Price Performance

The stock’s 50 day simple moving average is $10.84 and its two-hundred day simple moving average is $10.89.

BlackRock Debt Strategies Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 16th were paid a $0.0987 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.18 annualized dividend and a dividend yield of 10.93%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC increased its holdings in BlackRock Debt Strategies Fund by 15.8% in the third quarter. SeaCrest Wealth Management LLC now owns 11,800 shares of the financial services provider’s stock valued at $130,000 after purchasing an additional 1,608 shares during the last quarter. Elevated Capital Advisors LLC boosted its stake in BlackRock Debt Strategies Fund by 0.4% during the 2nd quarter. Elevated Capital Advisors LLC now owns 443,818 shares of the financial services provider’s stock worth $4,811,000 after acquiring an additional 1,796 shares during the last quarter. Atomi Financial Group Inc. grew its holdings in BlackRock Debt Strategies Fund by 13.5% during the third quarter. Atomi Financial Group Inc. now owns 38,036 shares of the financial services provider’s stock valued at $420,000 after purchasing an additional 4,521 shares during the period. Moloney Securities Asset Management LLC increased its stake in BlackRock Debt Strategies Fund by 8.9% in the third quarter. Moloney Securities Asset Management LLC now owns 86,930 shares of the financial services provider’s stock valued at $959,000 after purchasing an additional 7,072 shares in the last quarter. Finally, Strategic Wealth Partners Ltd. raised its holdings in BlackRock Debt Strategies Fund by 4.7% in the third quarter. Strategic Wealth Partners Ltd. now owns 159,611 shares of the financial services provider’s stock worth $1,761,000 after purchasing an additional 7,200 shares during the period. 24.29% of the stock is currently 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.