Here is the rundown on market activity for Blackrock Debt Strategies Fund, (NYSE:DSU). Director Catherine A. Lynch acquired 2,120 shares at an average price of $11.78 on Mon the 12th. The Director now owns $50,360 of the stock per an SEC filing yesterday. Cynthia Egan, Director disclosed the purchase of 200 shares. The shares were bought on January 12th for an average price of $11.42. The Director now owns $99,925 of the stock per the Form 4 SEC filing.
Cynthia Egan, Director disclosed the purchase of 8,550 shares of (DSU). The shares were purchased at an average price of $11.47. Egan now owns $98,069 of the stock according to the SEC filing.
BlackRock Debt Strategies Fund, Inc. (the Fund), formerly Debt Strategies Fund, Inc., is a diversified, closed-end management investment company. The Fund seeks to provide current income by investing primarily in a diversified portfolio of United States companies’ debt instruments, including corporate loans, which are rated in the lower rating categories of rating services (Baa or lower by Moody’s Investors Service, Inc., or BBB or lower by Standard & Poor’s) or unrated debt instruments of comparable quality. The Fund invests principally in debt obligations of companies, including floating-rate loans made by banks and other financial institutions, and both privately and publicly offered corporate bonds and notes. The Fund may write covered call and put options, and purchase call and put options. The Fund?s investment advisor is BlackRock Advisors, LLC, an indirect, wholly owned subsidiary of BlackRock, Inc..
Here are a few additional firms who have increased or decreased their stake in (DSU). As of the end of the quarter Focused Wealth Management, Inc had bought 7,534 shares growing its stake by 12.7%. The value of the investment in Blackrock Debt Strategies Fund, went from $675,000 to $772,000 increasing 14.4% quarter over quarter. As of quarter end Capital Investment Advisors, LLC had acquired a total of 46,829 shares growing its holdings by 14.9%. The value of the investment in DSU increased from $3,573,000 to $4,165,000 a change of 16.6% quarter to quarter.
As of quarter end Rivernorth Capital Management, LLC had sold a total of 4,556,878 shares trimming its position 69.4%. The value of the total investment in Blackrock Debt Strategies Fund, decreased from $23,976,000 to $22,814,000 a change of $1,162,000 since the last quarter. As of the end of the quarter Advisors Asset Management, Inc. had sold 1,685,451 shares trimming its holdings by 72.9%. The value of the company’s investment in Blackrock Debt Strategies Fund, went from $8,436,000 to $7,097,000 a change of 15.9% for the reporting period.
The company is so far trading down by -0.17% since yesterday’s close of $11.81. The stock last traded at $11.79 barely above $11.69, the 50 day moving average and just above the 200 day moving average of $11.48. The 50 day moving average was up $0.09 and the 200 day average moved up $0.30.