BNY Mellon High Yield Strategies Fund (NYSE:DHF) Stock Price Passes Above 50-Day Moving Average - What's Next?

BNY Mellon High Yield Strategies Fund (NYSE:DHF - Get Free Report) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $2.45 and traded as high as $2.51. BNY Mellon High Yield Strategies Fund shares last traded at $2.50, with a volume of 703,625 shares.

BNY Mellon High Yield Strategies Fund Stock Up 0.6%

The business has a 50 day moving average price of $2.45 and a 200 day moving average price of $2.54.

BNY Mellon High Yield Strategies Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, June 6th will be paid a $0.0175 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 8.39%.

Hedge Funds Weigh In On BNY Mellon High Yield Strategies Fund

A number of large investors have recently bought and sold shares of DHF. 1607 Capital Partners LLC raised 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 purchasing an additional 327,361 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in 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 during the period. Shaker Financial Services LLC raised its holdings in BNY Mellon High Yield Strategies Fund by 135.2% in 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 period. Pathstone Holdings LLC raised its holdings in 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 purchasing an additional 105,809 shares during the period. Finally, Sit Investment Associates Inc. raised its holdings in BNY Mellon High Yield Strategies Fund by 3.9% in the 1st quarter. Sit Investment Associates Inc. now owns 2,561,219 shares of the investment management company's stock worth $6,531,000 after purchasing an additional 96,872 shares during the period. Institutional investors and hedge funds own 36.16% of the company's stock.

BNY Mellon High Yield Strategies Fund Company Profile

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.