BlackRock Debt Strategies Fund (NYSE:DSU) Stock Price Crosses Below 50-Day Moving Average – Should You Sell?

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.75 and traded as low as $10.62. BlackRock Debt Strategies Fund shares last traded at $10.64, with a volume of 384,954 shares traded.

BlackRock Debt Strategies Fund Stock Performance

The business’s 50 day moving average price is $10.75 and its two-hundred day moving average price is $10.85.

BlackRock Debt Strategies Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.0987 per share. The ex-dividend date is Friday, February 14th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 11.13%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Penserra Capital Management LLC bought a new stake in shares of BlackRock Debt Strategies Fund during the 3rd quarter valued at $5,081,000. Private Advisor Group LLC bought a new stake in shares of BlackRock Debt Strategies Fund in the 3rd quarter worth approximately $111,000. Jane Street Group LLC bought a new stake in shares of BlackRock Debt Strategies Fund in the 3rd quarter worth approximately $170,000. SeaCrest Wealth Management LLC boosted its holdings in BlackRock Debt Strategies Fund by 30.5% in the fourth quarter. SeaCrest Wealth Management LLC now owns 15,399 shares of the financial services provider’s stock worth $166,000 after acquiring an additional 3,599 shares in the last quarter. Finally, Atomi Financial Group Inc. grew its stake in shares of BlackRock Debt Strategies Fund by 9.3% in the fourth quarter. Atomi Financial Group Inc. now owns 41,585 shares of the financial services provider’s stock worth $447,000 after acquiring an additional 3,549 shares during the last quarter. Hedge funds and other institutional investors 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.