Home Hedge Funds Short Interest in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Expands By 49.1%

Short Interest in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Expands By 49.1%

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BlackRock Debt Strategies Fund, Inc. (NYSE:DSUGet Rating) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totalling 34,900 shares, a growth of 49.1% from the June 30th total of 23,400 shares. Based on an average trading volume of 157,200 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On BlackRock Debt Strategies Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC grew its stake in BlackRock Debt Strategies Fund by 65.5% in the first quarter. Guggenheim Capital LLC now owns 1,085,218 shares of the financial services provider’s stock valued at $11,308,000 after purchasing an additional 429,486 shares during the last quarter. Invesco Ltd. grew its stake in BlackRock Debt Strategies Fund by 9.6% in the first quarter. Invesco Ltd. now owns 684,857 shares of the financial services provider’s stock valued at $7,136,000 after purchasing an additional 59,719 shares during the last quarter. Advisors Asset Management Inc. grew its stake in BlackRock Debt Strategies Fund by 7.2% in the first quarter. Advisors Asset Management Inc. now owns 442,592 shares of the financial services provider’s stock valued at $4,612,000 after purchasing an additional 29,889 shares during the last quarter. Elevated Capital Advisors LLC purchased a new position in BlackRock Debt Strategies Fund in the first quarter valued at about $4,335,000. Finally, Bank of America Corp DE grew its stake in BlackRock Debt Strategies Fund by 2.1% in the first quarter. Bank of America Corp DE now owns 401,355 shares of the financial services provider’s stock valued at $4,182,000 after purchasing an additional 8,316 shares during the last quarter. Hedge funds and other institutional investors own 29.47% of the company’s stock.

BlackRock Debt Strategies Fund Stock Performance

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DSU stock opened at $9.69 on Friday. The business has a 50-day moving average price of $9.32 and a 200 day moving average price of $10.06. BlackRock Debt Strategies Fund has a 1-year low of $8.88 and a 1-year high of $12.50.

BlackRock Debt Strategies Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 15th were paid a $0.0605 dividend. The ex-dividend date of this dividend was Thursday, July 14th. This represents a $0.73 annualized dividend and a yield of 7.49%.

About BlackRock Debt Strategies Fund

(Get Rating)

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.

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