Shares of BNY Mellon High Yield Strategies Fund (NYSE:DHF) are moving above their 50-day moving average of $2.55

Shares of BNY Mellon High Yield Strategies Fund (NYSE:DHF – Get Free Report) price moved above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $2.55 and traded as high as $2.64. Shares of BNY Mellon High Yield Strategies Fund last traded at $2.61 with a volume of 418,432 shares.

BNY Mellon High Yield Strategies fund fell 0.8%

The company has a fifty day moving average of $2.55 and a two hundred day moving average of $2.45.

BNY Mellon High Yield Strategies Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 23rd. Investors of record on Tuesday, October 8th will be issued a $0.0175 dividend. This represents an annualized dividend of $0.21 and a yield of 8.05%. The ex-dividend date of this dividend is Tuesday, October 8th.

Hedge funds influence the BNY Mellon High Yield Strategies Fund

A number of institutional investors have recently added to or reduced their stakes in DHF. Choreo LLC purchased a new position in BNY Mellon High Yield Strategies Fund in the second quarter valued at about $37,000. Nomura Holdings Inc. purchased a new stake in shares of BNY Mellon High Yield Strategies Fund in the fourth quarter valued at about $94,000. Integrated Capital Management Inc. raised its position in BNY Mellon High Yield Strategies Fund by 15.0% during the 2nd quarter. Integrated Capital Management Inc. now owns 79,601 shares of the investment management company’s stock worth $192,000 after purchasing an additional 10,365 shares during the period. Cetera Advisors LLC raised its stake in shares of BNY Mellon High Yield Strategies Fund by 98.2% in the first quarter. Cetera Advisors LLC now owns 296,343 shares of the investment management company’s stock worth $717,000 after purchasing an additional 146,818 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in shares of BNY Mellon High Yield Strategies Fund by 50.2% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 328,231 shares of the investment management company’s stock valued at $794,000 after buying an additional 109,707 shares during the period. Hedge funds and other institutional investors own 36.16% of the company’s shares.

BNY Mellon High Yield Strategies Fund Company Profile

(Get a free report)

BNY Mellon High Yield Strategies Fund is a closed-end fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc. The fund invests in fixed income markets in the United States. It invests primarily in sub-investment grade fixed income securities, including securities of companies in early stages of development and companies with a strong financial structure.

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