BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Sees Significant Growth in Short Interest

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 252,400 shares, a growth of 55.6% from the December 15th total of 162,200 shares. Based on an average daily volume of 201,400 shares, the days-to-cover ratio is currently 1.3 days.

BlackRock Debt Strategies Fund Stock Down 0.1 %

DSU traded down $0.01 during trading on Friday, reaching $10.68. 927,854 shares of the company’s stock were exchanged, compared to its average volume of 296,432. The business has a 50 day moving average price of $10.82 and a 200 day moving average price of $10.88. BlackRock Debt Strategies Fund has a fifty-two week low of $10.11 and a fifty-two week high of $11.40.

BlackRock Debt Strategies Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.0987 per share. This represents a $1.18 dividend on an annualized basis and a yield of 11.10%. The ex-dividend date is Wednesday, January 15th.

Institutional Investors Weigh In On BlackRock Debt Strategies Fund

Large investors have recently modified their holdings of the stock. Penserra Capital Management LLC acquired a new stake in shares of BlackRock Debt Strategies Fund in the 3rd quarter valued at $5,081,000. Creative Planning acquired a new position in shares of BlackRock Debt Strategies Fund in the 2nd quarter worth approximately $589,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in BlackRock Debt Strategies Fund during the 4th quarter worth approximately $194,000. Jane Street Group LLC acquired a new stake in BlackRock Debt Strategies Fund during the 3rd quarter valued at $170,000. Finally, Monterey Private Wealth Inc. bought a new position in shares of BlackRock Debt Strategies Fund in the fourth quarter valued at about $161,000. 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.