BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Short Interest Up 105.7% in September

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totalling 295,400 shares, an increase of 105.7% from the August 31st total of 143,600 shares. Based on an average daily volume of 187,100 shares, the short-interest ratio is presently 1.6 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DSU. Register Financial Advisors LLC acquired a new stake in BlackRock Debt Strategies Fund in the second quarter valued at $68,000. Creekmur Asset Management LLC acquired a new stake in BlackRock Debt Strategies Fund in the fourth quarter valued at $86,000. Aristides Capital LLC acquired a new stake in BlackRock Debt Strategies Fund in the fourth quarter valued at $151,000. Shaker Financial Services LLC acquired a new stake in BlackRock Debt Strategies Fund in the second quarter valued at $300,000. Finally, Atomi Financial Group Inc. raised its holdings in BlackRock Debt Strategies Fund by 11.4% in the first quarter. Atomi Financial Group Inc. now owns 27,786 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 2,833 shares in the last quarter. 24.29% of the stock is owned by institutional investors and hedge funds.

BlackRock Debt Strategies Fund Trading Up 0.7 %

Shares of NYSE DSU traded up $0.08 during trading on Friday, reaching $11.05. 206,963 shares of the stock were exchanged, compared to its average volume of 160,692. The business’s 50-day moving average price is $10.90 and its 200 day moving average price is $10.90. BlackRock Debt Strategies Fund has a twelve month low of $9.75 and a twelve month high of $11.40.

BlackRock Debt Strategies Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.0987 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 10.72%.

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.