BNY Mellon High Yield Strategies Fund (NYSE:DHF - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 Stock Performance
The company's fifty day simple moving average is $2.51 and its two-hundred day simple moving average is $2.53.
BNY Mellon High Yield Strategies Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a $0.0175 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 8.14%.
Institutional Trading of BNY Mellon High Yield Strategies Fund
Several institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers raised its position in BNY Mellon High Yield Strategies Fund by 2.4% in the 1st quarter. Cetera Investment Advisers now owns 186,398 shares of the investment management company's stock valued at $475,000 after buying an additional 4,283 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of BNY Mellon High Yield Strategies Fund by 1.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 439,598 shares of the investment management company's stock valued at $1,121,000 after purchasing an additional 6,210 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of BNY Mellon High Yield Strategies Fund by 493.9% in the first quarter. Geneos Wealth Management Inc. now owns 10,025 shares of the investment management company's stock valued at $26,000 after purchasing an additional 8,337 shares during the last quarter. Focus Partners Wealth purchased a new stake in shares of BNY Mellon High Yield Strategies Fund in the fourth quarter valued at about $28,000. Finally, CW Advisors LLC purchased a new stake in BNY Mellon High Yield Strategies Fund in the 1st quarter valued at about $33,000. 36.16% of the stock is owned by hedge funds and other institutional investors.
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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