BlackRock Debt Strategies Fund (DSU) : Ota Financial Group has sold out all of its stake in BlackRock Debt Strategies Fund during the most recent quarter, according to the disclosure filed by the company on May 27, 2016 with the SEC. The investment management company has sold out 119,513 shares of BlackRock Debt Strategies Fund which is valued at $421,881.
Other Hedge Funds, Including , Guggenheim Capital reduced its stake in DSU by selling 47,143 shares or 55.85% in the most recent quarter. The Hedge Fund company now holds 37,268 shares of DSU which is valued at $130,065.Oak Hill Advisors Lp reduced its stake in DSU by selling 36,775 shares or 1.01% in the most recent quarter. The Hedge Fund company now holds 3,613,225 shares of DSU which is valued at $12.6 Million. BlackRock Debt Strategies Fund makes up approx 2.79% of Oak Hill Advisors Lp’s portfolio. Ancora Advisors sold out all of its stake in DSU during the most recent quarter. The investment firm sold 20,000 shares of DSU which is valued $69,600.
BlackRock Debt Strategies Fund opened for trading at $3.64 and hit $3.64 on the upside on Tuesday, eventually ending the session at $3.63, with a gain of 0.83% or 0.03 points. The heightened volatility saw the trading volume jump to 8,49,114 shares. Company has a market cap of $373 M.
BlackRock Debt Strategies Fund Inc. is a diversified closed-end management investment company. The Fund’s primary investment objective is 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 the established rating services (BBB or lower by S&P’s or Baa or lower by Moody’s) or unrated debt instruments. The Fund’s secondary objective is to provide capital appreciation. Corporate loans include senior and subordinated corporate loans both secured and unsecured. The Fund invests directly in such securities or synthetically through the use of derivatives. It invests in various industries including chemicals paper automotive financial services healthcare leisure manufacturing telecommunications transportation infrastructure and utilities among others. BlackRock Advisors LLC is the investment advisor of the Fund.