BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE:DCF) Sees Large Growth in Short Interest

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE:DCF) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 13,000 shares, a growth of 91.2% from the August 31st total of 6,800 shares. Based on an average trading volume of 51,800 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Almitas Capital LLC purchased a new stake in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund in the second quarter valued at approximately $951,000. Heron Bay Capital Management raised its position in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 1.2% in the second quarter. Heron Bay Capital Management now owns 749,245 shares of the company’s stock valued at $6,631,000 after purchasing an additional 9,055 shares during the period. Beverly Hills Private Wealth LLC raised its position in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 217.6% in the second quarter. Beverly Hills Private Wealth LLC now owns 90,273 shares of the company’s stock valued at $799,000 after purchasing an additional 61,847 shares during the period. Shaker Financial Services LLC raised its position in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 157.5% in the second quarter. Shaker Financial Services LLC now owns 64,369 shares of the company’s stock valued at $570,000 after purchasing an additional 39,376 shares during the period. Finally, Cetera Advisors LLC purchased a new stake in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund in the first quarter valued at approximately $1,077,000.

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Trading Up 0.7 %

DCF traded up $0.06 during trading hours on Friday, reaching $9.22. The company’s stock had a trading volume of 20,137 shares, compared to its average volume of 40,165. BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund has a fifty-two week low of $7.47 and a fifty-two week high of $9.22. The business’s 50-day moving average is $9.04 and its 200-day moving average is $8.79.

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 24th. Investors of record on Wednesday, October 9th will be issued a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date is Wednesday, October 9th.

About BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc operates as a closed-end investment fund. The fund’s investment objective is to seek high current income and to invest in credit instruments and other investments. The company is headquartered in New York, NY.