BlackRock Debt Strategies Fund (NYSE:DSU) Sees Unusually-High Trading Volume – Time to Buy?

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) shares saw unusually-high trading volume on Friday . Approximately 111,069 shares traded hands during mid-day trading, a decline of 33% from the previous session’s volume of 164,777 shares.The stock last traded at $10.81 and had previously closed at $10.86.

BlackRock Debt Strategies Fund Stock Down 0.8 %

The stock’s fifty day moving average is $10.95 and its 200-day moving average is $10.91.

BlackRock Debt Strategies Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.0987 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 11.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DSU. Penserra Capital Management LLC acquired a new stake in BlackRock Debt Strategies Fund in the 3rd quarter worth approximately $5,081,000. Darwin Wealth Management LLC bought a new position in shares of BlackRock Debt Strategies Fund in the third quarter valued at approximately $103,000. Moloney Securities Asset Management LLC raised its position in shares of 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 during the period. Private Advisor Group LLC acquired a new stake in shares of BlackRock Debt Strategies Fund in the third quarter worth $111,000. Finally, SeaCrest Wealth Management LLC boosted its holdings in shares of BlackRock Debt Strategies Fund by 15.8% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 11,800 shares of the financial services provider’s stock worth $130,000 after buying an additional 1,608 shares during the period. Institutional investors and hedge funds own 24.29% of the company’s stock.

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.