BNY Mellon High Yield Strategies Fund (NYSE:DHF - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.58 and traded as low as $2.58. BNY Mellon High Yield Strategies Fund shares last traded at $2.60, with a volume of 107,768 shares trading hands.
BNY Mellon High Yield Strategies Fund Price Performance
The business's 50-day moving average is $2.59 and its two-hundred day moving average is $2.59.
BNY Mellon High Yield Strategies Fund Announces Dividend
The company 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. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 8.06%.
Institutional Trading of BNY Mellon High Yield Strategies Fund
Hedge funds have recently modified their holdings of the company. Focus Partners Wealth bought a new stake in BNY Mellon High Yield Strategies Fund during the 4th quarter worth approximately $28,000. J.W. Cole Advisors Inc. bought a new position in shares of BNY Mellon High Yield Strategies Fund in the fourth quarter valued at $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of BNY Mellon High Yield Strategies Fund in the fourth quarter valued at $63,000. Walleye Capital LLC bought a new position in shares of BNY Mellon High Yield Strategies Fund in the third quarter valued at $88,000. Finally, Jane Street Group LLC lifted its holdings in BNY Mellon High Yield Strategies Fund by 198.7% during the 3rd quarter. Jane Street Group LLC now owns 38,519 shares of the investment management company's stock valued at $104,000 after purchasing an additional 25,624 shares during the last quarter. 36.16% of the stock is currently owned by institutional investors and hedge funds.
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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