BNY Mellon High Yield Strategies Fund (NYSE:DHF) Share Price Crosses Above 50-Day Moving Average of $2.50

BNY Mellon High Yield Strategies Fund (NYSE:DHF) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $2.50 and traded as high as $2.55. BNY Mellon High Yield Strategies Fund shares last traded at $2.54, with a volume of 660,081 shares trading hands.

BNY Mellon High Yield Strategies Fund Stock Performance

The business has a 50-day moving average price of $2.50 and a 200 day moving average price of $2.42.

BNY Mellon High Yield Strategies Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be issued a dividend of $0.0175 per share. This represents a $0.21 annualized dividend and a yield of 8.28%. The ex-dividend date of this dividend is Wednesday, September 11th.

Hedge Funds Weigh In On BNY Mellon High Yield Strategies Fund

Large investors have recently modified their holdings of the business. 1607 Capital Partners LLC boosted its holdings in BNY Mellon High Yield Strategies Fund by 12.6% in the 4th quarter. 1607 Capital Partners LLC now owns 709,874 shares of the investment management company’s stock worth $1,626,000 after buying an additional 79,564 shares during the period. Nomura Holdings Inc. purchased a new position in shares of BNY Mellon High Yield Strategies Fund in the fourth quarter valued at $94,000. Hennion & Walsh Asset Management Inc. raised its stake in shares of BNY Mellon High Yield Strategies Fund by 50.2% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 328,231 shares of the investment management company’s stock valued at $794,000 after purchasing an additional 109,707 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in BNY Mellon High Yield Strategies Fund during the 1st quarter worth about $2,503,000. Finally, Cetera Advisors LLC boosted its stake in BNY Mellon High Yield Strategies Fund by 98.2% in the 1st 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 during the period. Hedge funds and other institutional investors own 36.16% of the company’s stock.

About BNY Mellon High Yield Strategies Fund

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.