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

Shares of BNY Mellon High Yield Strategies Fund (NYSE:DHF) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $2.55 and traded as low as $2.50. BNY Mellon High Yield Strategies Fund shares last traded at $2.5050, with a volume of 208,245 shares traded.

BNY Mellon High Yield Strategies Fund Trading Down 0.6%

The company’s fifty day moving average is $2.55 and its 200 day moving average is $2.56.

BNY Mellon High Yield Strategies Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be paid a dividend of $0.0175 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date is Friday, December 5th.

Institutional Trading of BNY Mellon High Yield Strategies Fund

A number of hedge funds and other institutional investors have recently modified their holdings of DHF. Geneos Wealth Management Inc. boosted its position in 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 valued at $26,000 after purchasing an additional 8,337 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of BNY Mellon High Yield Strategies Fund during the 2nd quarter worth approximately $26,000. Integrity Advisory Solutions LLC acquired a new stake in shares of BNY Mellon High Yield Strategies Fund in the 3rd quarter valued at approximately $28,000. J.W. Cole Advisors Inc. bought a new position in shares of BNY Mellon High Yield Strategies Fund in the second quarter valued at $31,000. Finally, Capital Investment Advisors LLC bought a new position in shares of BNY Mellon High Yield Strategies Fund in the third quarter valued at $32,000. Institutional investors and hedge funds 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.