BNY Mellon High Yield Strategies Fund (NYSE:DHF - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.53 and traded as high as $2.61. BNY Mellon High Yield Strategies Fund shares last traded at $2.60, with a volume of 1,126,979 shares traded.
BNY Mellon High Yield Strategies Fund Price Performance
The firm's fifty day moving average price is $2.51 and its 200-day moving average price is $2.53.
BNY Mellon High Yield Strategies Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a $0.0175 dividend. The ex-dividend date is Thursday, July 10th. This represents a $0.21 dividend on an annualized basis and a yield of 8.08%.
Institutional Investors Weigh In On BNY Mellon High Yield Strategies Fund
A number of hedge funds have recently modified their holdings of DHF. Geneos Wealth Management Inc. increased its stake in BNY Mellon High Yield Strategies Fund by 493.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 10,025 shares of the investment management company's stock worth $26,000 after purchasing an additional 8,337 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of BNY Mellon High Yield Strategies Fund during the fourth quarter worth $28,000. CW Advisors LLC acquired a new stake in shares of BNY Mellon High Yield Strategies Fund during the first quarter worth $33,000. Walleye Capital LLC bought a new stake in BNY Mellon High Yield Strategies Fund in the 1st quarter valued at $37,000. Finally, Curated Wealth Partners LLC acquired a new position in BNY Mellon High Yield Strategies Fund in the 1st quarter worth $40,000. Institutional investors and hedge funds 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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