BNY Mellon High Yield Strategies Fund (NYSE:DHF - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.58 and traded as high as $2.60. BNY Mellon High Yield Strategies Fund shares last traded at $2.60, with a volume of 107,768 shares traded.
BNY Mellon High Yield Strategies Fund Price Performance
The stock has a 50-day moving average of $2.59 and a 200 day moving average of $2.59.
BNY Mellon High Yield Strategies Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, February 6th will be given a $0.0175 dividend. This represents a $0.21 dividend on an annualized basis and a dividend yield of 8.06%. The ex-dividend date of this dividend is Thursday, February 6th.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of DHF. Focus Partners Wealth bought a new position in BNY Mellon High Yield Strategies Fund in the fourth quarter valued at about $28,000. J.W. Cole Advisors Inc. bought a new position in BNY Mellon High Yield Strategies Fund in the fourth quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in BNY Mellon High Yield Strategies Fund in the fourth quarter valued at about $63,000. Walleye Capital LLC bought a new position in BNY Mellon High Yield Strategies Fund in the third quarter valued at about $88,000. Finally, Jane Street Group LLC grew its holdings in shares of BNY Mellon High Yield Strategies Fund by 198.7% during the third quarter. Jane Street Group LLC now owns 38,519 shares of the investment management company's stock worth $104,000 after purchasing an additional 25,624 shares during the last quarter. Institutional investors 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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