BNY Mellon High Yield Strategies Fund (NYSE:DHF) Stock Passes Above Fifty Day Moving Average – Here’s Why

Shares of BNY Mellon High Yield Strategies Fund (NYSE:DHF) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $2.59 and traded as high as $2.62. BNY Mellon High Yield Strategies Fund shares last traded at $2.60, with a volume of 518,213 shares traded.

BNY Mellon High Yield Strategies Fund Trading Down 0.4 %

The business has a fifty day moving average price of $2.59 and a 200 day moving average price of $2.59.

BNY Mellon High Yield Strategies Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, February 21st. Stockholders of record on Thursday, February 6th were issued a dividend of $0.0175 per share. The ex-dividend date was Thursday, February 6th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 8.08%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Pathstone Holdings LLC raised its stake in shares of BNY Mellon High Yield Strategies Fund by 36.9% in the third quarter. Pathstone Holdings LLC now owns 5,561,508 shares of the investment management company’s stock valued at $14,961,000 after purchasing an additional 1,500,234 shares in the last quarter. Avior Wealth Management LLC raised its stake in shares of BNY Mellon High Yield Strategies Fund by 51.2% in the third quarter. Avior Wealth Management LLC now owns 74,503 shares of the investment management company’s stock valued at $200,000 after purchasing an additional 25,231 shares in the last quarter. Walleye Capital LLC acquired a new position in shares of BNY Mellon High Yield Strategies Fund in the third quarter valued at $88,000. Jane Street Group LLC raised its stake in shares of BNY Mellon High Yield Strategies Fund by 198.7% in the third 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 in the last quarter. Finally, Park Avenue Securities LLC raised its stake in shares of BNY Mellon High Yield Strategies Fund by 4.7% in the fourth quarter. Park Avenue Securities LLC now owns 417,269 shares of the investment management company’s stock valued at $1,064,000 after purchasing an additional 18,579 shares in the last quarter. 36.16% of the stock is currently owned by institutional investors and hedge funds.

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.