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

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE:DCF) was the target of a large increase in short interest in July. As of July 31st, there was short interest totalling 21,100 shares, an increase of 955.0% from the July 15th total of 2,000 shares. Based on an average trading volume of 49,500 shares, the days-to-cover ratio is presently 0.4 days.

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Stock Down 0.5 %

NYSE:DCF opened at $8.92 on Tuesday. The stock has a 50-day simple moving average of $8.84 and a 200-day simple moving average of $8.64. BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund has a 1 year low of $7.47 and a 1 year high of $9.08.

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

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 8th will be given a $0.035 dividend. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.71%.

Institutional Trading of BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund

Large investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. raised its stake in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 14.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 17,383 shares of the company’s stock valued at $150,000 after acquiring an additional 2,138 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund during the 1st quarter valued at approximately $395,000. Choreo LLC purchased a new stake in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund during the 1st quarter valued at approximately $422,000. Shaker Financial Services LLC raised its stake in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 157.5% during the 2nd quarter. Shaker Financial Services LLC now owns 64,369 shares of the company’s stock valued at $570,000 after acquiring an additional 39,376 shares during the last quarter. Finally, Cerity Partners LLC raised its stake in BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund by 2.0% during the 4th quarter. Cerity Partners LLC now owns 78,414 shares of the company’s stock valued at $639,000 after acquiring an additional 1,574 shares during the last quarter.

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.