BNY Mellon High Yield Strategies Fund (NYSE:DHF) Stock Crosses Above 50 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 Friday . The stock has a fifty day moving average of $2.51 and traded as high as $2.55. BNY Mellon High Yield Strategies Fund shares last traded at $2.5450, with a volume of 407,472 shares.

BNY Mellon High Yield Strategies Fund Price Performance

The stock has a fifty day moving average of $2.51 and a two-hundred day moving average of $2.55.

BNY Mellon High Yield Strategies Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 20th. Shareholders of record on Thursday, February 5th will be given a dividend of $0.0175 per share. This represents a c) dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend is Thursday, February 5th.

Institutional Trading of BNY Mellon High Yield Strategies Fund

Several large investors have recently added to or reduced their stakes in DHF. Park Avenue Securities LLC boosted its holdings in BNY Mellon High Yield Strategies Fund by 1.2% in the fourth quarter. Park Avenue Securities LLC now owns 418,045 shares of the investment management company’s stock valued at $1,037,000 after purchasing an additional 5,065 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of BNY Mellon High Yield Strategies Fund by 1.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 443,701 shares of the investment management company’s stock valued at $1,154,000 after purchasing an additional 5,309 shares in the last quarter. Integrated Capital Management Inc. boosted its stake in shares of BNY Mellon High Yield Strategies Fund by 7.5% during the 2nd quarter. Integrated Capital Management Inc. now owns 80,580 shares of the investment management company’s stock valued at $210,000 after buying an additional 5,593 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of BNY Mellon High Yield Strategies Fund by 493.9% during the first quarter. Geneos Wealth Management Inc. now owns 10,025 shares of the investment management company’s stock worth $26,000 after buying an additional 8,337 shares in the last quarter. Finally, Citadel Advisors LLC increased its stake in shares of BNY Mellon High Yield Strategies Fund by 31.4% in the third quarter. Citadel Advisors LLC now owns 38,193 shares of the investment management company’s stock worth $99,000 after buying an additional 9,120 shares during 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 (NYSE: DHF) is a diversified, closed-end management investment company that seeks to provide a high level of current income by primarily investing in below-investment-grade corporate debt securities. The fund allocates its portfolio across a broad range of industries and issuers, with an emphasis on high-yield bonds of U.S. companies, and may employ leverage to enhance income potential. It also maintains flexibility to invest in other fixed-income securities, including senior loans, preferred securities and selective investment-grade corporate debt.

Launched in 2011 and sponsored by The Bank of New York Mellon Corporation, the fund is managed by the global fixed-income team at Mellon Investments Corporation, a subsidiary of BNY Mellon.