Short Interest in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Grows By 45.7%

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 102,000 shares, a growth of 45.7% from the February 28th total of 70,000 shares. Based on an average daily volume of 241,900 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of BlackRock Debt Strategies Fund

Several hedge funds have recently modified their holdings of the company. Steel Grove Capital Advisors LLC purchased a new position in shares of BlackRock Debt Strategies Fund in the fourth quarter valued at $62,000. Ameritas Advisory Services LLC purchased a new position in shares of BlackRock Debt Strategies Fund in the 4th quarter worth $109,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of BlackRock Debt Strategies Fund in the 4th quarter worth $116,000. StoneX Group Inc. purchased a new stake in shares of BlackRock Debt Strategies Fund during the 4th quarter valued at about $139,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of BlackRock Debt Strategies Fund in the 4th quarter valued at about $145,000. 24.29% of the stock is owned by hedge funds and other institutional investors.

BlackRock Debt Strategies Fund Trading Down 0.2 %

Shares of BlackRock Debt Strategies Fund stock traded down $0.02 during trading on Friday, reaching $10.50. 167,534 shares of the stock traded hands, compared to its average volume of 192,347. BlackRock Debt Strategies Fund has a 52-week low of $10.11 and a 52-week high of $11.19. The business has a fifty day simple moving average of $10.65 and a two-hundred day simple moving average of $10.80.

BlackRock Debt Strategies Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.0987 per share. This represents a $1.18 annualized dividend and a yield of 11.28%. The ex-dividend date is Friday, March 14th.

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.