Shares of BNY Mellon High Yield Strategies Fund (NYSE:DHF - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $2.60 and traded as high as $2.62. BNY Mellon High Yield Strategies Fund shares last traded at $2.61, with a volume of 174,555 shares trading hands.
BNY Mellon High Yield Strategies Fund Stock Performance
The stock has a 50-day moving average price of $2.59 and a two-hundred day moving average price of $2.58.
BNY Mellon High Yield Strategies Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, February 6th will be given a dividend of $0.0175 per share. The ex-dividend date is Thursday, February 6th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 8.16%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Truist Financial Corp purchased a new position in BNY Mellon High Yield Strategies Fund in the 4th quarter worth approximately $168,000. J.W. Cole Advisors Inc. purchased a new position in BNY Mellon High Yield Strategies Fund in the 4th quarter worth approximately $30,000. Melfa Wealth Management Inc. lifted its holdings in BNY Mellon High Yield Strategies Fund by 16.0% in the 4th quarter. Melfa Wealth Management Inc. now owns 141,330 shares of the investment management company's stock worth $360,000 after purchasing an additional 19,500 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in BNY Mellon High Yield Strategies Fund by 47.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 879,133 shares of the investment management company's stock worth $2,242,000 after purchasing an additional 284,913 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in BNY Mellon High Yield Strategies Fund in the 4th quarter worth approximately $63,000. 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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