Blackrock Debt Strategies Fund (DSU) has been under a strong bear grip, hence the stock is down -1.09% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.94% in the past 1 week. The stock has risen by 1.11% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.62% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.53% and the 50-Day Moving Average is 0.44%.The 200 Day SMA reached 7.38%
Blackrock Debt Strategies Fund (NYSE:DSU): After opening at $3.65, the stock dipped to an intraday low of $3.63 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $3.65 and the buying power remained strong till the end. The stock closed at $3.65 for the day, a gain of 0.55% for the day session. The total traded volume was 591,886. The stocks close on the previous trading day was $3.65.
BlackRock Debt Strategies Fund, Inc. is a diversified, closed-end management investment company. The Funds 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&Ps or Baa or lower by Moodys) or unrated debt instruments. The Funds 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.