BlackRock Debt Strategies Fund (NYSE:DSU) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $9.79 and traded as low as $9.64. BlackRock Debt Strategies Fund shares last traded at $9.6450, with a volume of 229,139 shares trading hands.

BlackRock Debt Strategies Fund Stock Performance

The firm’s 50-day moving average is $9.79 and its 200-day moving average is $9.99.

Hedge Funds Weigh In On BlackRock Debt Strategies Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Register Financial Advisors LLC increased its position in shares of BlackRock Debt Strategies Fund by 3.2% during the fourth quarter. Register Financial Advisors LLC now owns 32,560 shares of the financial services provider’s stock valued at $331,000 after buying an additional 1,000 shares during the period. Kestra Advisory Services LLC raised its holdings in BlackRock Debt Strategies Fund by 4.0% in the first quarter. Kestra Advisory Services LLC now owns 29,190 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 1,111 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in BlackRock Debt Strategies Fund by 7.7% in the fourth quarter. Concurrent Investment Advisors LLC now owns 16,518 shares of the financial services provider’s stock worth $168,000 after purchasing an additional 1,176 shares in the last quarter. Modern Wealth Management LLC raised its holdings in BlackRock Debt Strategies Fund by 1.3% in the third quarter. Modern Wealth Management LLC now owns 98,745 shares of the financial services provider’s stock worth $1,049,000 after purchasing an additional 1,272 shares in the last quarter. Finally, Astoria Portfolio Advisors LLC. raised its holdings in BlackRock Debt Strategies Fund by 10.0% in the fourth quarter. Astoria Portfolio Advisors LLC. now owns 14,533 shares of the financial services provider’s stock worth $144,000 after purchasing an additional 1,316 shares in the last quarter. Hedge funds and other institutional investors own 24.29% of the company’s stock.

BlackRock Debt Strategies Fund Company Profile

BlackRock Debt Strategies Fund, Inc (NYSE: DSU) is a diversified, closed-end management investment company designed to provide investors with a combination of current income and capital preservation. Managed by BlackRock Fund Advisors, the fund employs a multi-sector, global fixed-income strategy that seeks to deliver attractive risk-adjusted returns through a portfolio of debt instruments. As an interval fund, DSU offers quarterly liquidity to shareholders who wish to redeem shares at specified intervals.

The fund’s investment approach centers on allocation across various credit sectors, including high-yield corporate bonds, emerging markets debt, bank loans and securitized products.