Short-term stake in BlackRock Debt Strategies Fund, Inc. (NYSE: DSU) drops 55.6%

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BlackRock Debt Strategies Fund, Inc. (NYSE: DSU) benefited from a sharp decline in short interest during the month of January. As of January 15, there was short interest totaling 323,400 shares, down 55.6% from the total of 728,100 shares as of December 31. Based on an average daily volume of 151,500 shares, the short interest rate is currently 2.1 days.

Hedge funds have recently increased or reduced their stakes in the company. AllSquare Wealth Management LLC acquired a new stake in BlackRock Debt Strategies Fund in Q2, valued at approximately $34,000. Eaton Vance Management increased its holdings in BlackRock Debt Strategies Fund by 610.9% in Q3. Eaton Vance Management now owns 3,142 shares of the financial services provider valued at $36,000 after acquiring an additional 2,700 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in BlackRock Debt Strategies Fund in Q3, valued at approximately $57,000. Spire Wealth Management increased its holdings in BlackRock Debt Strategies Fund by 85.8% in Q3. Spire Wealth Management now owns 7,637 shares of the financial services provider valued at $88,000 after acquiring 3,526 additional shares in the last quarter. Finally, CKW Financial Group increased its stake in BlackRock Debt Strategies Fund by 83.1% in the third quarter. CKW Financial Group now owns 7,658 shares of the financial services provider worth $88,000 after acquiring 3,475 additional shares in the last quarter. Institutional investors hold 23.17% of the company’s shares.

Shares of memorandum of understanding traded at $0.02 during midday trading on Friday, reaching $11.09. 173,588 shares of the company were traded, against an average volume of 211,336. The BlackRock Debt Strategies Fund has a 1-year low of $10.52 and a 1-year high of $12.50. The company has a 50-day moving average of $11.62 and a 200-day moving average of $11.51.

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The company also recently disclosed a monthly dividend, which was paid on Tuesday, January 11. Shareholders of record on Friday, December 31 received a dividend of $0.0605. The ex-dividend date was Thursday, December 30. This represents a dividend of $0.73 on an annualized basis and a yield of 6.55%.

BlackRock Debt Strategies Fund Company Profile

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 securities, including corporate loans, which are rated in the lower rating categories of established rating services (BBB or lower by S&P 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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