BNY Mellon High Yield Strategies Fund (NYSE:DHF) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

by · The Cerbat Gem

BNY Mellon High Yield Strategies Fund (NYSE:DHF – Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $2.51 and traded as high as $2.53. BNY Mellon High Yield Strategies Fund shares last traded at $2.5150, with a volume of 593,992 shares changing hands.

BNY Mellon High Yield Strategies Fund Trading Down 0.2%

The firm has a fifty day moving average of $2.51 and a 200 day moving average of $2.55.

BNY Mellon High Yield Strategies Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, January 9th. Investors of record on Tuesday, December 23rd were paid a $0.0175 dividend. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date was Tuesday, December 23rd.

Institutional Trading of BNY Mellon High Yield Strategies Fund

Institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. grew its stake in BNY Mellon High Yield Strategies Fund by 493.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 10,025 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 8,337 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in BNY Mellon High Yield Strategies Fund during the second quarter valued at $26,000. Integrity Advisory Solutions LLC acquired a new stake in shares of BNY Mellon High Yield Strategies Fund in the third quarter valued at about $28,000. Avior Wealth Management LLC purchased a new stake in shares of BNY Mellon High Yield Strategies Fund during the fourth quarter worth about $28,000. Finally, J.W. Cole Advisors Inc. acquired a new position in shares of BNY Mellon High Yield Strategies Fund during the 2nd quarter worth about $31,000. 36.16% of the stock is owned by institutional investors and hedge funds.

About BNY Mellon High Yield Strategies Fund

(Get Free Report)

BNY Mellon High Yield Strategies Fund (NYSE: DHF) is a diversified, closed-end management investment company that seeks to provide a high level of current income by primarily investing in below-investment-grade corporate debt securities. The fund allocates its portfolio across a broad range of industries and issuers, with an emphasis on high-yield bonds of U.S. companies, and may employ leverage to enhance income potential. It also maintains flexibility to invest in other fixed-income securities, including senior loans, preferred securities and selective investment-grade corporate debt.

Launched in 2011 and sponsored by The Bank of New York Mellon Corporation, the fund is managed by the global fixed-income team at Mellon Investments Corporation, a subsidiary of BNY Mellon.

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