Shares of BNY Mellon High Yield Strategies Fund (NYSE:DHF - Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $2.47 and traded as high as $2.49. BNY Mellon High Yield Strategies Fund shares last traded at $2.49, with a volume of 115,909 shares changing hands.
BNY Mellon High Yield Strategies Fund Stock Performance
The stock's 50-day moving average price is $2.46 and its 200-day moving average price is $2.55.
BNY Mellon High Yield Strategies Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be given a dividend of $0.0175 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $0.21 annualized dividend and a dividend yield of 8.47%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Shaker Financial Services LLC raised its position in shares of BNY Mellon High Yield Strategies Fund by 135.2% during the 1st quarter. Shaker Financial Services LLC now owns 227,235 shares of the investment management company's stock worth $583,000 after purchasing an additional 130,635 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of BNY Mellon High Yield Strategies Fund by 2.4% during the 1st quarter. Cetera Investment Advisers now owns 186,398 shares of the investment management company's stock worth $475,000 after purchasing an additional 4,283 shares during the period. Garner Asset Management Corp acquired a new stake in shares of BNY Mellon High Yield Strategies Fund during the first quarter worth $61,000. Sowell Financial Services LLC purchased a new stake in shares of BNY Mellon High Yield Strategies Fund in the first quarter valued at $51,000. Finally, Curated Wealth Partners LLC purchased a new stake in shares of BNY Mellon High Yield Strategies Fund in the first quarter valued at $40,000. 36.16% of the stock is currently owned by institutional investors and hedge funds.
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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