Short Interest in BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) Expands By 81.5%
BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 112,000 shares, an increase of 81.5% from the December 15th total of 61,700 shares. Based on an average trading volume of 152,100 shares, the days-to-cover ratio is presently 0.7 days.
Shares of NYSE DSU opened at $10.49 on Thursday. The stock’s fifty day simple moving average is $10.31 and its 200 day simple moving average is $9.97. BlackRock Debt Strategies Fund has a 52-week low of $5.92 and a 52-week high of $11.50.
The business also recently declared a monthly dividend, which was paid on Monday, January 11th. Investors of record on Thursday, December 31st were given a $0.0605 dividend. The ex-dividend date of this dividend was Wednesday, December 30th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 6.92%.
BlackRock Debt Strategies Fund Company Profile
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.
Further Reading: Limitations of analyzing profit margin
Receive News & Ratings for BlackRock Debt Strategies Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Debt Strategies Fund and related companies with MarketBeat.com's FREE daily email newsletter.