BNY Mellon High Yield Strategies Fund (NYSE:DHF - Get Free Report) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $2.53 and traded as high as $2.59. BNY Mellon High Yield Strategies Fund shares last traded at $2.58, with a volume of 406,555 shares trading hands.
BNY Mellon High Yield Strategies Fund Stock Performance
The company has a 50-day moving average of $2.53 and a two-hundred day moving average of $2.53.
BNY Mellon High Yield Strategies Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.0175 per share. This represents a $0.21 dividend on an annualized basis and a yield of 8.12%. The ex-dividend date of this dividend is Thursday, July 10th.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Sit Investment Associates Inc. grew its holdings in shares of BNY Mellon High Yield Strategies Fund by 3.9% in the first quarter. Sit Investment Associates Inc. now owns 2,561,219 shares of the investment management company's stock worth $6,531,000 after acquiring an additional 96,872 shares during the period. Wolverine Asset Management LLC bought a new position in shares of BNY Mellon High Yield Strategies Fund in the first quarter worth about $77,000. Shaker Financial Services LLC boosted its stake in BNY Mellon High Yield Strategies Fund by 135.2% during the first quarter. Shaker Financial Services LLC now owns 227,235 shares of the investment management company's stock valued at $583,000 after buying an additional 130,635 shares during the last quarter. Garner Asset Management Corp bought a new position in BNY Mellon High Yield Strategies Fund during the first quarter valued at approximately $61,000. Finally, Sowell Financial Services LLC bought a new position in BNY Mellon High Yield Strategies Fund during the first quarter valued at approximately $51,000. Hedge funds and other institutional investors own 36.16% of the company's stock.
About BNY Mellon High Yield Strategies Fund
(
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BNY Mellon High Yield Strategies Fund is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc The fund invests in the fixed income markets of the United States. It primarily invests in fixed income securities of below investment grade quality, including securities of companies at early stages of development and companies with a highly leveraged financial structure.
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