BNY Mellon High Yield Strategies Fund (NYSE:DHF) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Shares of BNY Mellon High Yield Strategies Fund (NYSE:DHF) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $2.60 and traded as high as $2.62. BNY Mellon High Yield Strategies Fund shares last traded at $2.61, with a volume of 174,555 shares.

BNY Mellon High Yield Strategies Fund Trading Down 0.6 %

The stock has a 50-day simple moving average of $2.60 and a 200 day simple moving average of $2.58.

BNY Mellon High Yield Strategies Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, February 6th will be paid a $0.0175 dividend. The ex-dividend date is Thursday, February 6th. This represents a $0.21 dividend on an annualized basis and a yield of 8.09%.

Hedge Funds Weigh In On BNY Mellon High Yield Strategies Fund

Several hedge funds have recently added to or reduced their stakes in DHF. Freestate Advisors LLC acquired a new stake in BNY Mellon High Yield Strategies Fund during the 3rd quarter valued at $30,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of BNY Mellon High Yield Strategies Fund by 41.1% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 594,220 shares of the investment management company’s stock valued at $1,598,000 after acquiring an additional 173,152 shares during the last quarter. Pathstone Holdings LLC increased its position in BNY Mellon High Yield Strategies Fund by 36.9% during the 3rd quarter. Pathstone Holdings LLC now owns 5,561,508 shares of the investment management company’s stock worth $14,961,000 after purchasing an additional 1,500,234 shares in the last quarter. Avior Wealth Management LLC raised its stake in BNY Mellon High Yield Strategies Fund by 51.2% in the 3rd 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 during the last quarter. Finally, Walleye Capital LLC purchased a new position in BNY Mellon High Yield Strategies Fund in the 3rd quarter valued at about $88,000. 36.16% of the stock is currently owned by hedge funds and other institutional investors.

BNY Mellon High Yield Strategies Fund Company Profile

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.