BlackRock Debt Strategies Fund, Inc. (NYSE: DSU) Short Interest Up 39.8% in May

BlackRock Debt Strategies Fund, Inc. (NYSE: DSU – Get Rating) saw a sharp rise in short-term interest during the month of May. As of May 31, there was short interest totaling 41,800 shares, an increase of 39.8% from the May 15 total of 29,900 shares. Based on an average daily volume of 195,200 shares, the short interest ratio is currently 0.2 days.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Morgan Stanley increased its stake in BlackRock Debt Strategies Fund by 3.1% during the third quarter. Morgan Stanley now owns 3,189,350 shares of the financial services provider valued at $36,805,000 after buying an additional 95,425 shares last quarter. Guggenheim Capital LLC increased its position in BlackRock Debt Strategies Fund shares by 65.5% in Q1. Guggenheim Capital LLC now owns 1,085,218 shares of the financial services provider valued at $11,308,000 after purchasing an additional 429,486 shares in the last quarter. Invesco Ltd. increased its position in shares of the BlackRock Debt Strategies Fund by 9.6% in the 1st quarter. Invesco Ltd. now owns 684,857 shares of the financial services provider valued at $7,136,000 after purchasing an additional 59,719 shares in the last quarter. Advisors Asset Management Inc. increased its position in BlackRock Debt Strategies Fund by 7.2% during the 1st quarter. Advisors Asset Management Inc. now owns 442,592 shares of the financial services provider worth $4,612,000 after buying an additional 29,889 shares in the last quarter. Finally, Elevated Capital Advisors LLC acquired a new equity stake in BlackRock Debt Strategies Fund during Q1 worth approximately $4,335,000. Institutional investors and hedge funds hold 29.47% of the company’s shares.

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Shares of DSU were down $0.08 during trading hours on Wednesday, hitting $9.18. 321,460 shares of the company were traded, against an average volume of 187,565. BlackRock Debt Strategies Fund has a 12-month low of $9.10 and a 12-month high of $12.50. The company’s fifty-day moving average price is $9.82 and its two-hundred-day moving average price is $10.64.

The company also recently announced a monthly dividend, which will be paid on Thursday, June 30. Investors of record on Wednesday, June 15 will receive a dividend of $0.0605 per share. The ex-dividend date is Tuesday, June 14. This represents an annualized dividend of $0.73 and a yield of 7.91%.

About BlackRock Debt Strategies Fund (Get an assessment)

BlackRock Debt Strategies Fund, Inc is a closed-end, fixed-income mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. It invests in the US bond markets. The fund invests primarily in a diversified portfolio of corporate debt instruments, including corporate loans, which are rated in the lower rating categories of established rating services (BBB or lower by S&P’s or Baa or lower by Moody’s ) or unrated debt securities, which are, in the opinion of the investment adviser, of equivalent quality.

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