Shares of BNY Mellon High Yield Strategies Fund (NYSE:DHF - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-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 traded.
BNY Mellon High Yield Strategies Fund Price Performance
The firm has a 50-day moving average price of $2.47 and a 200-day moving average price of $2.55.
BNY Mellon High Yield Strategies Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a dividend of $0.0175 per share. This represents a $0.21 annualized dividend and a yield of 8.45%. The ex-dividend date of this dividend is Thursday, May 8th.
Institutional Trading of BNY Mellon High Yield Strategies Fund
A number of hedge funds have recently modified their holdings of the business. Sowell Financial Services LLC purchased a new position in BNY Mellon High Yield Strategies Fund during the 1st quarter valued at about $51,000. Curated Wealth Partners LLC purchased a new position in shares of BNY Mellon High Yield Strategies Fund during the first quarter valued at approximately $40,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of BNY Mellon High Yield Strategies Fund by 21.2% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 1,065,191 shares of the investment management company's stock worth $2,716,000 after purchasing an additional 186,058 shares in the last quarter. Pathstone Holdings LLC grew its stake in shares of BNY Mellon High Yield Strategies Fund by 1.9% in the 4th quarter. Pathstone Holdings LLC now owns 5,667,317 shares of the investment management company's stock worth $14,457,000 after buying an additional 105,809 shares during the last quarter. Finally, Focus Partners Wealth bought a new position in BNY Mellon High Yield Strategies Fund during the 4th quarter valued at approximately $28,000. Institutional investors own 36.16% of the company's stock.
BNY Mellon High Yield Strategies Fund Company Profile
(
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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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