BlackRock Debt Strategies Fund (NYSE:DSU) Sees Unusually-High Trading Volume – What’s Next?

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) saw an uptick in trading volume on Friday . 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 Trading Down 0.8 %

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

BlackRock Debt Strategies Fund Announces Dividend

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

Institutional Trading of BlackRock Debt Strategies Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its stake in BlackRock Debt Strategies Fund by 4.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 47,198 shares of the financial services provider’s stock worth $522,000 after acquiring an additional 1,938 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of BlackRock Debt Strategies Fund by 22.6% during the first quarter. Avantax Advisory Services Inc. now owns 29,859 shares of the financial services provider’s stock worth $330,000 after purchasing an additional 5,497 shares during the period. Strategic Wealth Partners Ltd. boosted its holdings in shares of BlackRock Debt Strategies Fund by 4.5% during the first quarter. Strategic Wealth Partners Ltd. now owns 152,411 shares of the financial services provider’s stock worth $1,686,000 after purchasing an additional 6,526 shares during the period. Register Financial Advisors LLC purchased a new position in BlackRock Debt Strategies Fund during the second quarter valued at approximately $68,000. Finally, Atomi Financial Group Inc. increased its stake in BlackRock Debt Strategies Fund by 20.6% in the 2nd quarter. Atomi Financial Group Inc. now owns 33,515 shares of the financial services provider’s stock valued at $363,000 after buying an additional 5,729 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.