BNY Mellon High Yield Strategies Fund (NYSE:DHF - Get Free Report) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $2.48 and traded as high as $2.55. BNY Mellon High Yield Strategies Fund shares last traded at $2.54, with a volume of 1,050,200 shares trading hands.
BNY Mellon High Yield Strategies Fund Stock Up 1.2%
The firm's 50 day moving average is $2.48 and its 200-day moving average is $2.53.
BNY Mellon High Yield Strategies Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, June 6th will be paid a $0.0175 dividend. This represents a $0.21 annualized dividend and a dividend yield of 8.27%. The ex-dividend date of this dividend is Friday, June 6th.
Hedge Funds Weigh In On BNY Mellon High Yield Strategies Fund
Several large investors have recently made changes to their positions in DHF. J.W. Cole Advisors Inc. purchased a new stake in BNY Mellon High Yield Strategies Fund in the 4th quarter worth $30,000. Truist Financial Corp purchased a new stake in BNY Mellon High Yield Strategies Fund in the 4th quarter worth $168,000. LPL Financial LLC increased its holdings in BNY Mellon High Yield Strategies Fund by 30.0% in the 4th quarter. LPL Financial LLC now owns 339,504 shares of the investment management company's stock worth $866,000 after acquiring an additional 78,294 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in BNY Mellon High Yield Strategies Fund by 1.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 439,598 shares of the investment management company's stock worth $1,121,000 after acquiring an additional 6,210 shares in the last quarter. Finally, 1607 Capital Partners LLC increased its holdings in BNY Mellon High Yield Strategies Fund by 84.7% in the 4th quarter. 1607 Capital Partners LLC now owns 713,713 shares of the investment management company's stock worth $1,820,000 after acquiring an additional 327,361 shares in the last quarter. 36.16% of the stock is currently owned by institutional investors and hedge funds.
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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