BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Shares Shorted: Short Interest Down 87.3% in October

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) saw a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 23,877 shares, a drop of 87.3% from the October 15th total of 187,520 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 430,158 shares, the short-interest ratio is presently 0.1 days.

BlackRock Debt Strategies Fund Trading Down 1.1%

BlackRock Debt Strategies Fund stock traded down $0.10 during mid-day trading on Thursday, reaching $8.66. The stock had a trading volume of 260,239 shares, compared to its average volume of 321,213. BlackRock Debt Strategies Fund has a fifty-two week low of $8.42 and a fifty-two week high of $10.40. The stock’s 50-day simple moving average is $8.89 and its 200-day simple moving average is $9.53.

BlackRock Debt Strategies Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Friday, December 11th will be paid a dividend of $0.0987 per share. This represents a $1.18 dividend on an annualized basis and a yield of 13.7%. The ex-dividend date is Friday, December 11th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. bought a new position in shares of BlackRock Debt Strategies Fund in the third quarter valued at approximately $3,553,000. Elevated Capital Advisors LLC boosted its holdings in BlackRock Debt Strategies Fund by 3.6% during the third quarter. Elevated Capital Advisors LLC now owns 479,123 shares of the financial services provider’s stock worth $4,312,000 after purchasing an additional 16,489 shares during the last quarter. StoneX Group Inc. bought a new stake in BlackRock Debt Strategies Fund in the 3rd quarter worth about $336,000. Kingstone Capital Partners Texas LLC grew its position in BlackRock Debt Strategies Fund by 23.5% in the 3rd quarter. Kingstone Capital Partners Texas LLC now owns 38,210 shares of the financial services provider’s stock worth $344,000 after purchasing an additional 7,276 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its position in BlackRock Debt Strategies Fund by 11.9% in the 3rd quarter. Kestra Advisory Services LLC now owns 32,583 shares of the financial services provider’s stock worth $293,000 after purchasing an additional 3,472 shares in the last quarter. Institutional investors and hedge funds own 24.29% of the company’s stock.

About BlackRock Debt Strategies Fund

BlackRock Debt Strategies Fund is a closed-end investment fund managed by BlackRock. It seeks to provide a high level of current income, with capital appreciation as a secondary objective. The fund invests primarily in below-investment-grade debt, including senior secured loans and other floating-rate debt securities. Its portfolio may also include high-yield bonds and other debt instruments, with investments selected and managed to pursue the fund’s income objective. The fund’s investments are focused primarily on U.S. borrowers, though it may invest in debt issued by companies in other countries.