BNY Mellon High Yield Strategies Fund (NYSE:DHF) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

BNY Mellon High Yield Strategies Fund (NYSE:DHF)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.58 and traded as high as $2.60. BNY Mellon High Yield Strategies Fund shares last traded at $2.60, with a volume of 107,768 shares changing hands.

BNY Mellon High Yield Strategies Fund Stock Up 0.6 %

The firm’s fifty day moving average is $2.59 and its two-hundred day moving average is $2.59.

BNY Mellon High Yield Strategies Fund Dividend Announcement

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

Hedge Funds Weigh In On BNY Mellon High Yield Strategies Fund

A number of hedge funds have recently bought and sold shares of the company. Pathstone Holdings LLC boosted its stake in BNY Mellon High Yield Strategies Fund by 36.9% in 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. Hennion & Walsh Asset Management Inc. boosted its stake in BNY Mellon High Yield Strategies Fund by 47.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 879,133 shares of the investment management company’s stock worth $2,242,000 after purchasing an additional 284,913 shares in the last quarter. 1607 Capital Partners LLC boosted its stake in BNY Mellon High Yield Strategies Fund by 84.7% in the 4th quarter. 1607 Capital Partners LLC now owns 713,713 shares of the investment management company’s stock worth $1,820,000 after purchasing an additional 327,361 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in BNY Mellon High Yield Strategies Fund by 1.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 439,598 shares of the investment management company’s stock worth $1,121,000 after purchasing an additional 6,210 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its stake in BNY Mellon High Yield Strategies Fund by 4.7% in the 4th quarter. Park Avenue Securities LLC now owns 417,269 shares of the investment management company’s stock worth $1,064,000 after purchasing an additional 18,579 shares in the last quarter. Institutional investors own 36.16% of the company’s stock.

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.