BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Short Interest Update

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 356,900 shares, an increase of 83.9% from the July 15th total of 194,100 shares. Based on an average daily trading volume, of 147,000 shares, the days-to-cover ratio is currently 2.4 days.

BlackRock Debt Strategies Fund Stock Performance

DSU stock opened at $10.87 on Wednesday. BlackRock Debt Strategies Fund has a 52-week low of $9.75 and a 52-week high of $11.40. The stock’s fifty day simple moving average is $10.90 and its 200-day simple moving average is $10.95.

BlackRock Debt Strategies Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.0987 per share. This represents a $1.18 annualized dividend and a dividend yield of 10.90%. The ex-dividend date is Thursday, August 15th.

Institutional Investors Weigh In On BlackRock Debt Strategies Fund

Several hedge funds have recently made changes to their positions in the business. Elevated Capital Advisors LLC raised its position in shares of BlackRock Debt Strategies Fund by 0.4% in the 2nd quarter. Elevated Capital Advisors LLC now owns 443,818 shares of the financial services provider’s stock worth $4,811,000 after buying an additional 1,796 shares during the period. GraniteShares Advisors LLC raised its position in shares of BlackRock Debt Strategies Fund by 14.3% in the 2nd quarter. GraniteShares Advisors LLC now owns 177,976 shares of the financial services provider’s stock worth $1,929,000 after buying an additional 22,199 shares during the period. Strategic Wealth Partners Ltd. raised its position in shares of BlackRock Debt Strategies Fund by 4.5% in the 1st quarter. Strategic Wealth Partners Ltd. now owns 152,411 shares of the financial services provider’s stock worth $1,686,000 after buying an additional 6,526 shares during the period. Moloney Securities Asset Management LLC raised its position in shares of BlackRock Debt Strategies Fund by 37.1% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 79,858 shares of the financial services provider’s stock worth $866,000 after buying an additional 21,614 shares during the period. Finally, Truist Financial Corp raised its position in shares of BlackRock Debt Strategies Fund by 74.6% in the 4th quarter. Truist Financial Corp now owns 75,738 shares of the financial services provider’s stock worth $817,000 after buying an additional 32,354 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.